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CBS
Dec 31, 2012 7:00pm EST
. i'm susie gharib. with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books
ABC
Dec 31, 2012 11:00pm EST
. country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted across the board if we over the fiscal cliff. this is a live picture from the capital. been a flurry of activity tonight. this still addresses some of the about to happen -- the deal addresses some of to happen asbout well. the vice president walked past d was asked if a deal had been reached. here's what happened. >> happy new year. >> do you have a deal? >> happy new year. >> happy new year. he would not answer the question. that he was smiling is taken as a good sign. e deal that has reportedly reached keeps taxes the every one making $450,000 or less. it also appears this avoids the to defense and other programs that would happened if we went over the cliff. this is a fast developing situation. , that goes byts the wayside. your taxes would go up
CNN
Jan 1, 2013 3:00am PST
>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis. >>> happy new year. >> happy new year. >> good morning, welcome to "early start" everyone. i'm john berman. >> i'm ali velshi. >> and i'm christine romans. zoraida is off today. it is 6:00 a.m. right now on the nose. well 20 seconds away. >> and breaking news. can you feel it? we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal
FOX
Jan 1, 2013 4:25am EST
. >>> checking our top stories, a fiscal cliff deal has been reached. the senate just approving the teal in a vote of 89-8 just a few hours ago . in a race against the clock, senate leaders found a compromise. taxes will remain the same for middle income americans but they will increase for those individuals making more than $400,000 and for families making more than $450,000. >>> gay marriage is now legal in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex wedding are scheduled for today including some at city hall in baltimore and a massive wedding event at the black walnut point inn. >>> secretary of state hillary clinton remains in a new york city hospital this morning. but doctors are optimistic that she will make a full recovery. she is being treated for a broad clot they found in her head. it is located in the vein between the brain and skull right behind her right ear. clinton is being treated with blood thinners to try t
PBS
Jan 1, 2013 1:00am PST
popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as well. while the defensive health care group added 15%. those banking shares got an added boost today on word that banks could soon reach a $10 billion settlement with u.s. regulators over foreclosure abuses. the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's mini ipad is a big hit in ch
FOX
Jan 1, 2013 5:00am EST
taken on the bus. bus. >>> now to a news alert this morning. a fiscal cliff deal has been reached by the senate. this after members approved the deal early this morning in an 89-8 vote. >> the bill now heads to the house where its future in the republican-controlled body remains uncertain. melanie alnwick is live on capitol hill this morning with the latest on this situation. good morning to you. >> reporter: good morning to you. the deal making continue well into the night with the vote coming at 2:00 in the morning. as you said, the vote -- the bill passed 89-8. shortly after the vote, president obama said while neither decembers nor republicans got everything they wanted, this agreement is the right thing to do for our country and the house should pass it without delay. now, house speaker john boehner and his leadership team say they need it review the bill before putting it up for a vote. that could happen late today or perhaps wednesday. in the deal approved by the tonight, income tax rates will stay the same for most americans. individuals making $400,000 and couples making $45
CNN
Dec 30, 2012 4:00am PST
big focus is on the fiscal cliff. washington has less than 48 hours to make a deal before billions in tax increases and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up.
FOX Business
Dec 31, 2012 5:00pm EST
needs to get, to go along wiih some kind of a deal in order to avoid going over the fiscal cliff. i'm not sure what his political point there but you substantialively --. adam: i have to go to scott. you get 20 seconds, then i'm giving kim because she is the small business owner last word. scott, any words of advice? they have to do something. they haven't done it yet. >> i go up and stock up on studebakers and yugos. watch out for the stock market here in 2013. a lot of things at play aside from a slowing economy. i think it will be really bum , man. adam: kim, you get the last word. what would you say to congress, not the president but congress, what they should do later tonight and this week? >> first off i would have made a decision a long time ago. we had two years to this problem. this problem should have been solved months ago. politicking should have been set aside. we should have got something done. people should not have gone home for thanksgiving. i don't understand if they're representing us as business owners why they can't act like us and make decisions like us. we have
FOX Business
Jan 1, 2013 12:00am EST
their value. congress, not much. >> zero. >> but can they avoid the fiscal cliff? senator gop john ba roost sew joins us later. no matter what deal congress strike the capital-gains tax, it shoots up next year. we'll tell you what investors can do to say in the game. more mony coming up less than seven hours until the new year and nothing rippings in the new year better than the government raising your taxes right? the capital-gains tax inease will be 20% from the current 15 some argue that would generate more money from unsell cam. my -- uncle sam. my next guest has a long list of reasons that this would hurt the economy. he is the from the cato institute and head of downsizing dost government.org. thank you for joining us on this holiday. >> thank you. adam: why won't it raise more money if we raise the capital-gains tax? why won't it raise t money for treasury. >> capital very mobile. we live in a globalized economy. if the united states raises its taxes on capital, in other words, investment, investment will flee across international borders. countries that have high tax rates on capital shoot themselves in the foot. for that reason,
MSNBC
Dec 31, 2012 8:00pm PST
>>> i'm milissa rehberger. welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that
KRON
Dec 30, 2012 11:00pm PST
the 11th hour and still no fiscal cliff deal on the table. when we return. we take a look at lawmakers final push to beat the new years deadline for a compromise. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >>> another day gone and still no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the
MSNBC
Dec 26, 2012 8:00am PST
are feeling right now, gang. about the fears of the fiscal cliff. deal likely at 50%, deal not likely at 48%. and this is gone down continually as we have seen, lynn, over several days, whether more optimism before the christmas holiday and continues to evaporate the closer to the cliff but talking about what the president can do coming back, can it about a small stop gap measure to save people after the 1st? >> it could be and i've always thought that the they know if they don't at least do a stop gap which is in their power, therefore, they would probably do it. it means that the december deadline, december 31 deadline that's looming may not really be the deadline. i think it's more like january 3rd, noon, when the new congress is sworn in. that's when they have to do their math to see where do they have -- if there's any hope of a deal, a democratic deal, where you need 20, 30 min votes or true bipartisan deal and no one thinks will happen. now people are just working some numbers to see which would work best if you don't get anything by the end of the year. >> alice, based
FOX News
Jan 1, 2013 7:00am PST
agenda, and it's unclear when house lawmakers will vote on the fiscal cliff deal, if they will. joining us now from washington, one of the lawmakers at work in the house today, south carolina republican mick mulvaney, and he is on the budget committee. thanks so much for joining us. >> thanks for having me. heather: this joint statement was released by the entire house leadership team. it says this, quote: the house will honor its commitment to consider the senate agreement if it's passed. decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation. so what do you think is going to happen in the house today? will there be a vote on the senate bill? >> well, i think the statement, actually, is fairly reasonable and the right thing to do. we'll be meeting at 1:00 this afternoon as a republican conference to, i suppose, look at this bill together as a group, that gives us a few hours to look at it. this is not a simple piece of legislation. we expect it'll
MSNBC
Jan 1, 2013 5:00am PST
the new year, though, the senate votes in favor of a deal to avoid the fiscal cliff. >> the yeas are 89, the nays are 8, 60-vote partial having been achieved, the bill as amended is passed. >> so, now it's all up to the house, where lawmakers will pick up the measure at 12:00 noon today. >>> meantime, in good spirits. doctors report secretary of state hillary clinton is making progress while being treated for a blood clot in her head at new york hospital. >> three, two, one! >> and ringing in 2013. close to a million people packed new york's times square to watch the ball drop and celebrate 2013. good morning, everyone. it is january 1st. welcome to this special new year's edition of "msnbc live." i'm chris jansing. >>> well, we do have a deal, but it's not a done deal just yet. a little bit after 2:00 eastern time this morning, two hours after the u.s. economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republica
FOX
Jan 1, 2013 6:00am EST
>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good morning. it is straight up 6:00 on the first day of the new year, 2013, here we come. take a live look outside right now at reagan national airport. checking in with tucker here in a second. it is tuesday, the 1st of the year. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. there it is, countdown to 2013 and what most may say was the most famous new year's celebration of them all. morning a million people hit the streets of chilly manhattan to watch the ball drop in times square. about a billion more watched it on television. many folks rang in the new year as the 18th annual first night alexandri
MSNBC
Jan 1, 2013 8:00am PST
close. what happens tomorrow if there is still not a fiscal deal in place? lastly if there is an all out rejection all bets are off, we're jumping over the fiscal cliff. it is up to john boehner to gauge how his conference is going to react to this bill and from folks i've talked to there is a little bit of nervousness among house republican leaders. they have been left at altar many times by their conservative flank. real quickly back last year in 2011 the senate passed the payroll tax cut extension 89-11. very similar to what we saw the vote was earlier this morning. that was then defeated in the house of representatives a few days later. not saying we can see history repeat itself, but it has happened before, mara. >> all right. nbc's luke russert, thank you and happy new year, my friend. >> take care. be well. >> all right. >>> house and senate leaders are using every last second to try to sell their membership on this deal, something even president obama commented upon himself on monday. >> one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're supposed to do, they will use
KRON
Dec 25, 2012 11:00pm PST
. the president is returning to the white house to work on a fiscal cliff deal before the year ends. house and senate members are going to reconvene without an agreement, automatic tax increases and that will be triggered in the new year. it looks like few people season. retails are the weakest. holiday sales increased. and they expected them to go 6 to 4%. it's blamed on super sandy which stroke the east coast but let us not forget why obama is returning from hawaii early. the lawmakers will be able to reach a deal. >>> we have rainfalling across the bay area and some heavy showers and departing san jose out of the santa clarita valley but there's showers coming in and i'll let you know on storm track 4 coming up. with my keurig vue brewer, i can brew my coffee just the way i love it. how do you do that? inside the brewer, there's this train that makes coffee stronger, bigger, and hotter! actually, i just press this button. brew what you love with the keurig vue. >> we have wet weather still falling across the bay area and here's live storm track, but the rain is gone for this even
FOX News
Dec 30, 2012 1:00pm PST
fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every american. hello, i'm gregg jarrett. >> arthel: i'm arthel nevil. welcome to a brand-new hour. as gregg just said the ball is in the senate's court. the republicans submitted a proposal to the senate democrats last night and are still waiting for a response. who is up at the podium right now. >> gregg: let's take a look at the shot. >> they are continuing to discuss this. we think there could be a path forward. one thing there is democrats have come out and made a change on cpi and republicans are concerned if that is not used as an offset to replace some of the spending cuts that would occur under sequester that democrats put forward and alternative. this is a process, there is a lot of things going on right now but republicans don't want to see new revenues, democratic tax increases to be used for new spending. that is where many of our members have drawn the line right now. and democrats want to use.... [ inaudibl
CNN
Jan 1, 2013 4:00am PST
christine romans. >> and i'm ali velshi. the fiscal cliff edition of "starting point" begins right now. >> our "starting point" this morning is breaking news. the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $45
CNN
Dec 31, 2012 11:00am PST
headquarters in atlanta. and as i speak, in deal yet on the fiscal cliff, but a big but, it appears lawmakers may be getting just a bit closer. >> and i'm joe johns live from washington where just moments ago the president encouraged lawmakers to cross the finish line. it was a compromise u.s. lawmakers signed into law in 2011 that contributed to the pending man made catastrophe that they have been warning about for more than a year. now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigg
PBS
Dec 26, 2012 4:30pm PST
congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandi
CNBC
Dec 28, 2012 3:00pm EST
if a fiscal cliff deal does not get done and fast. >> i'm the founder and ceo of unilife corp rage. if the fiscal cliff issue doesn't get resolved, there's no question the usa economy is going to go into recession. we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom for
CNN
Jan 1, 2013 8:00am PST
, house members, are going to meet to vote on the fiscal cliff deal. they have yet to decide to meet. however, what they will meet about at least the house caucus at under a 12:00 and 1:00 respectively, they will get together to discuss the potential of getting together for a vote. i'll keep you update on what comes out of that. dana bash is following it for us as well. e she will report to us if they make a decision. >>> other news, though, since the news broke about secretary of state hillary clinton and the blood clot that was discovered in her head, reporters have been scrambling to find out just how dangerous the rare disorder that she has is. i wanted to show you what was in the papers today. it's a picture of chelsea. not sure if a picture says a thousand words, but her family certa certainly rushed to the hospital where she's being treated. that picture really caught that image of what appears to be a distraught chelsea clinton. she was leaving the hospital after the visit with her mom. she tweeted out a message thanking people for their support. "thank you to all for sending
FOX News
Jan 1, 2013 3:00am PST
to cut a late-night deal to avoid falling off the fiscal cliff. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here. >> the deal isn't done quite yet. the republican-controlled house next up -- why are you smiling at me? because you're happy it's a new year? >> there is a separate tax hike that goes into effect today. another trillion dollars thanks to obamacare in new taxes. what it means to you and your wallet coming up. >> while lawmakers worked through the night, the rest of america had a little more fun ringing in the new year. >> five, four, three, two, one! >> with that, just six hours later, "fox and friends" starts now. party! >> that's the way things began in 2013. >> you're looking live, ladies and gentlemen, as the cleanup continues there in the crossroads of the world. screen right, you can see the toys 'r' us. then you see a lot of police activity and garbage guys picking up tons and tons of confetti. >> i had the privilege of getting in here early and being the only one on the road along with two or three other cabs. we pulled through the tunnel, it was incredible. the same faces i saw at midnight surr
FOX News
Dec 29, 2012 7:00am PST
fiscal cliff, it's the psychology of the fiscal cliff, and the sad truth is whether they do a deal now or they thoughtfully do a deal six months from now, really, nothing will be accomplished. the fact is, public debt is consuming our economy. it's about 73%, regardless of what deal gets done. it will be about 73, 74% ten years from now. we've done nothing and nothing will be done to address social security, which is now officially running a deficit, medicare, medicaid costs are growing ast nomically. at least do a dumb deal now and get people over the fiscal cliff and kick the can down the road, that's going to happen anyway. >> steve, no deal, bad deal? i kind of feel like i'm playing poker. what do you think? >> i can't believe it, but i agree with jim. the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as some sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bunny hill, let's slid
FOX Business
Dec 27, 2012 12:00am EST
obama is set to fly back to washington in the next few urs to tr to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24
WETA
Dec 28, 2012 6:00pm EST
fiscal cliff ends with no announcement of a deal. a 6-year-old british girl abducted by her father and taken to pakistan is reunited with her mother in the u.k. welcome to "bbc world news." also to come, no where to pray for moslems in athens. and a quite at hollywood that revolution, making big returns to the silver screen. >>> breaking news coming to us from singapore. in the past few minutes, it was just announced that the indian woman who was gang raped in delhi earlier this month that has caused national average has died. she was being treated at a hospital in singapore where she was on life-support. in india, her brutal attack triggered nationwide protests. the authorities struggling to contain the growing anger. we have received a statement from a doctor, the chief executive of the hospital where she was being looked after. "we are very sad to report the patient passed away peacefully at 4: 40 5:00 a.m. today singapore time. her family and officials from the high commission of india were at her side. we join her family in mourning her loss. the patient had remained in extrem
CNN
Jan 1, 2013 9:00am PST
minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal. >> looking at live pictures of that taking place there. we'll bring you back to get behind the scenes from the gym but also from the floor and whether or not there's anything that's going to come of these meetings, whether or not there's a vote on the house side. there were eight senators who voted against that compromise measure, the opposition coming from both parties yet senate democrats tom harkin, tom carper and michael bennet voting no. so did mike lee, richard shelby, rand paul, chuck %a#zgrassley, o rubio, a tiny minority. the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here th
MSNBC
Dec 29, 2012 4:00am PST
. >>> new year's resolution? will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate minority leader mitch mcconne
PBS
Dec 31, 2012 6:00pm PST
trading day of the year, hoping for a fiscal cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> here we go! >> reporter: a perfect summer's n
PBS
Dec 30, 2012 6:00pm PST
was 10%. if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the nation and made a serious speech about dt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any differenc
NBC
Dec 30, 2012 2:30am EST
fiscal cliff deal done in the near future. somebody clears the decks to do other things, things that might not be quite as either controversial or may not matter as much to the economy. so if you have a long fight over immigration, that's not a great thing but it's better than having a fight that leads to a debt ceiling default. the question is whether or not they are able to move past this in a way that allows for making agreements going forward or whether or not we end up in the essentially endless series of smaller fiscal cliffs this year. things get pushed forward for two weeks, two months, three months at time and another debt ceiling in early 2013. if that's the case, there's going to be a lot more uncertainty and the structure will be there a lot more, very angry, tense, bitter, 11th hour negotiations going forward. >> mike, what sectors or injuries are you watching in 2013? >> i think what's interesting is that the housing revival has obviously been embraced by wall street. a lot of direct housing related stocks have done well but some of the same dynamics, years of pent up d
PBS
Dec 28, 2012 4:00pm PST
nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pa
CBS
Dec 27, 2012 5:00pm PST
white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to a
ABC
Dec 30, 2012 7:00am EST
deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investinor concer over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, think that could impact the
CBS
Jan 1, 2013 4:30am EST
. >>> still ahead, even if the fiscal cliff deal becomes law, our nation's money worries are not over yet. that story coming up. >> plus, we have new details about the medical condition of secretary of state hillary clinton. we'll be right back. grz good morning once -- >>> good morning once again. olga breese in for howard bernstein. we have overcast skies. everyone sitting above freezing. we're starting to see a little bit of a dip. great falls down to 30 degrees. we'll keep the overcast skies and a couple of sprinkles. winds out of the west. highs will be chilly only making it into the lower 40s projecting a high of about 42 to 44 degrees at reagan national today. back to you. >> thank you, olga. >>> at 4:40, time for the first your money segment of 2013. >> wow. got to get used to saying that and writing it, too. good morning, jessica doyle. >> good morning. a hope for a deal on the fiscal cliff delivered a nice rally on wall street on the last day of trading of the year. the dow posted a 7% gain for the year. checking the numbers, the dow starts tomorrow because it's closed today at
CNN
Dec 30, 2012 5:00am PST
hill as lawmakers try to work out and vote on a deal to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate t
MSNBC
Dec 29, 2012 12:00am PST
. will last-minute action be enough to avoid a fiscal cliff? to avoid a cliff dive? get your cell phones out. i want to know what you think. tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a diffe
MSNBC
Dec 30, 2012 9:00am PST
a fiscal cliff deal. we'll have a live report coming your way at the top of the hour. just a few minutes from now. first, in today's office politics, alex has a conversation with lester holt. she asks him how he became to be an aviation expert for the network and the huge role music plays in his life. we'll talk about two stories of haunting images he'll never forget. >> i traveled to somalia in the '90s. to be thrust in a situation where people are starving to death. you can't be more foreign to the world we know. it was extremely dangerous. it was then and still is a land of anarchy. it was a place that anything could happen and it did. but, you know, those are some of the images i saw. the other is the earthquake in haiti. i have never seen death on quite that scale before. i mean literally arms and limbs poking from rubble. the scene that will forever remain with me there was i can't even call it a mass grave. it was a dumping ground of bodies where they simply pushed bodies in a field. it was just, chilling. it was one of those scenes you look at and, you know, you are not s
FOX
Jan 1, 2013 12:00pm PST
biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthiest americans. house republicans are su
FOX Business
Dec 31, 2012 1:00pm EST
the fiscal cliff. this is just act one. then we deal with the dead ceiling. this was just the idea of an opening bid, if you will. i think it will be good news for the market if a deal like this were enacted. shibani: you are talking about the markets. i want to ask you about their role in getting to this point. we have seen steep declines. multi- hundred point the kleins in some instances, we have not been met in this case. is this part of the reason we are in this position? >> well, you know, the last two weeks have been pretty brutal for the markets. i think that has been kind of the lead up for this current situation we are in. who knows where the market is going. i do think there will be a big sigh of relief if we get a deal today or tomorrow. i think the markets will celebrate, later this week. there is about 15 or 20 movable pieces in this puzzle. what are we going to do about that empty void that what are we going to do about medicare? there are so many pieces we do not know what the final deal will look like. i think john boehner, there was a lot of scuttle about three or fou
CNBC
Dec 31, 2012 3:00pm EST
go full speed over the fiscal cliff if we get this deal. does he like it or not? he'll join us coming up. much more to come. don't go anywhere. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and cal
PBS
Dec 26, 2012 7:00pm PST
more worries about getting a fiscal cliff deal in time. we'll have more on that in a moment. the dow fell almost 25 points, the nasdaq lost 22, and the s&p off six points. but more good news about housing today: home prices posted their best year-over-year growth since 2010. the closely watched s&p case- schiller index rose 4.3%, in october, beating expectations. looking at month over month performance, the 20 city index fell 0.1% from september to october. still, s&p is optimistic about housing activity in the new year. >> 2013 should be a good year for housing, we're going into the year with a whole lot of momentum, we've seen very strong housing starts, very strong construction in 2012 but even with that strength construction is still way below where it should be and we have a lot of lost ground to make up. >> susie: david blitzer also expects home prices to continue to improve through the end of next year, and he believes that rebound in prices will help the u.s. economic recovery. still ahead, the outlook for stocks in 2013, we're joined by wayne kaufman, he's the chief market a
CBS
Dec 29, 2012 11:00pm PST
morning in washington, where there's still no word of a fiscal cliff deal. senate leaders are trying to hammer out an 11th hour compromise to save all americans from the tax hike. tara shows us the deal they're considering only kicks the can down the road. again. >> reporter: senate republican leader mitch mcconnell left the capitol tight-lipped but smiling after working behind closed doors to avoid the so- called fiscal cliff. he and majority leader harry reid are working on a scaled- down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the wealthy pay more in taxes. >> the president's tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to
KOFY
Dec 31, 2012 11:30am PST
obama just having spoken from the white house on the boss built of a fiscal cliff deal. one that could avoid -- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered mostly by mcconnell and biden overnight, would delay those spending cuts for three months. s
CNBC
Dec 26, 2012 5:00am EST
course, going to be waiting with baited breath to see what happens with the fiscal cliff. thank you very much for joining us from mastercard advisers. >> terrific. thank you. >>> the u.s. economy is hanging in the balance with just five days left for congress to come up with a deal to avert the fiscal cliff. let's get to our senior economic reporter, steve leesman, with his predictions for the economy in 2013. >> reporter: >>> trying to figure out what's going to happen in 2013 depends on one very important development -- whether the u.s. goes over the fiscal cliff in a few days' time, and for how long. if it's avoided, there's considerable upside for the economy. we could see at least one and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment amid the uncertainty. unleashing business spending would add to the growth from the nascent rebound in housing and from the consumer who has hung in there despite tough times. in fact, we could see unemployment drop below 7%. although it might first rise, more work into the work force who have been discouraged but can't find work. then could it fall. as for the fed, i think the market may be overst
ABC
Dec 28, 2012 12:00pm EST
captioned by the national captioning institute --www.ncicap.org-- >> we are following breaking news out of the district. two people are in the hospital after a car reported stolen in maryland and a crashing into a metrobus in d.c. we are going to go live to brianne carter epicene of what happened. >> the crash happening here in southeast d.c. at the intersection of wheeler road and southern ave. it began in prince george's county. according to police, the vehicle involved in the crash in southeast d.c. was reported stolen in prince george's county around 9:00 this morning. authorities say between the time it was reported stolen and the crash happened, the vehicle was also reported to have been involved in a number of facts where the suspects were allegedly taking items out of people's vehicles in hyattsville. there was a lookout issued for police. not one but two police officers spotted the vehicle. each tried to make a stop but the vehicle fled. police say they did not pursue the car, the car fled. authorities tell us the driver of the vehicle lost control striking a car before striking a metrobus here at this intersection. we talked about the fact the suspects were allegedly involved in taking items out of people's cars. we talk to one woman who said she was at a gas station earlier this morning vacuuming her car when she witnessed people taking her purse right out of the back seat. >> i had to add to the stand there and watched him take my pocketbook. and the first thing i could think was, i and glad they did not pull it weapon on me to take my vehicle or to take my pocketbook from me. >> that woman was not injured in this. we do understand according to metro two people on the bus were injured in this crash. the driver and one passenger both were taken to the hospital with a non-life threatening injuries. we understand there were about a dozen people on the bus. police tell us the three people inside of the car involved in the crash have been taken into custody. no word on any injuries to those suspects. we believe no police officers were injured in all of this. no word on any charges at this hour. brianne carter, abc 7 news. >> some more breaking news out of rockville. news chopper 7 was over rock built -- rockwell pike after four people were hurt in a multiple car crash. they were taken to hospital with non-life threatening injuries. traffic on 355 being diverted. for the second time in one month, someone waiting for a new york city subway train has been pushed onto the tracks and killed. the latest incident happened last night in queens. as jummy olabanji reports, it has metro riders here on alert. >> new york city police say this surveillance video caught the suspect running from the subway station after the crime. >> i can't believe it is happening in this area. >> it happened last night around 8:00. police say an unknown woman pushed the man onto the tracks as the train approached the 40th street bashan in queens. investigators say the woman was sitting alone on a bench mumbling to herself before she got up and pushed the unsuspecting victim. witnesses told police they had no time to react. >> we heard about the incident in new york on twitter from one of my friends. >> earlier, a 58-year-old was shot inside -- in front of a train in times square. >> i am going to start standing back. >> people here in d.c. who take the train daily tell us while the two incidents in new york on very sad they do not plan to change their habits. >> i never stand to close to the rail so it does not concern me at length. i can run up to the train as it is coming. >> authorities in new york of hoping someone may know this woman. they have been looking for her since last night. subway riders are wondering if something like this can be prevented from happening again. >> they need to slow the trains down around 15 miles an hour as they are coming in, so if something does happen they have time to stop. >> jummy olabanji, abc 7 news. >> three officers have been hospitalized after a shooting in a new jersey police department. it happened this morning where a domestic violence suspect was being processed. they say there was a violent confrontation. he got his hands on a police gun and shot a police. one officer was hit and is in stable condition and other officers suffered minor injuries. two men accused of a brutal beating near eastern market part in court today. they were before a judge for a status hearing. the grand jury indicted them on 10 felony counts last week, including aggravated assault and weapons charges. they are accused of robbing and beating a man back in august. one other man is charged in the attack. mazlan is recovering fromevere brain injuries. frantic work under way with just four days left to pass a fiscal cliff deal and lawmakers are meeting again this afternoon to try to avert major tax hikes and spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks. if they can't work out some kind of agreement automatic tax hikes and spending cuts will go into affected new year's day, which will impact most americans and will put the nation back into recession. >> we are coming up against a hard deadline. >> at today's meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats have been trying to defect -- deflect attention over the past few weeks is they did not have a plan of their own. >> the path for the rest in the hands of the senate. house republican leaders say they will take action on whatever bill can pass the chamber. if there is a breakthrough, the legislation will not pass until the 11th hour or because house members to not return here until sunday night. abc news washington. >> new word on a potential dockworkers' strike that could cripple the nation's economy. the mediator now says contract with the longshoremen on the east and gulf coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunday. those ports move about 40% of the nation's container cargo traffic. we enjoyed sunshine across the region, but the big story is tomorrow's potential snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we do have a winter weather advisory set to go into effect late tonight into the day tomorrow. north and west of d.c., including frederick maryland, and the panhandle of west virginia. what to expect and when coming up in just a few minutes from the bill for whether -- belfort furniture weather center. >> a new york woman is charged of running a scam following the massacre newtown, conn. she posted hours after the shooting she was the kind of one of the victims. the fbi also said she sent a labyrinth text messages to a donor who fell for this game. the fbi says all of the money has been refunded. a new type of investigation after the sandy hook shooting. geneticists are studying adam lanza's dna. they say there are genetic components to mental a list of many factors involved. scientists are not looking for anything specific and they admit it is unlikely they will find anything. the result will likely not be released for several weeks. after the shooting spree there have been plenty of questions about school safety. that is why hundreds of staff members at utah school turned out last night for free gun training. everyone from third grade teachers to janitors and cafeteria workers were taught how to fight back in a situation like that at sandy hook. >> i am just were read a little bit, what would i do as a teacher. how would you protect yourself if you were being fired upon? >> with the recent tragedy, i realize it is probably a good time for me to act on that. >> trainers and that advocates said not every teacher who showed up applied for or even wanted a gun permit, but they said the purpose of the training was to help people learn about their options in a responsible manner. in a few hours, the debate over guns will take center stage in northern virginia. members of the group code pink plan to rally outside a gun show in chantilly this afternoon. organizers say they will hold signs advocating for an assault weapons ban and background checks for people who buy weapons and gun shows. this week and the redskins had the field against the dallas cowboys and as you imagine playoff hopes are high if the skins win. as john gonzales reports, the atmosphere in washington is the electric. >> how excited are redskins fans? >> making sure i take my blood pressure medicine. >> redskins fever is boiling over two days after arguably the biggest football game this town has seen and at least a decade. fans and not holding anything back. >> i just cannot wait. next best thing that having my first child. >> and you cannot write a better conclusion, and match against the dreaded dallas cowboys. winner-take-all. fans say they deserve a win. >> watching fans stick with their team a matter what they do. when, lose or draw. >> down the street from the stadium, burgundy and gold in the air -- everything from balloons to get back -- if the basket. and cakes and pastries. >> a lot of party is going on in a couple of days. >> if you are still trying to get tickets, it will cost between $500.800 dollars for a decent seats -- $500-$800 a decent seats. some say the cranium could reach rfk excitement. this fan is decked out with new additions -- additions, all accompanied by a prediction. >> they will 136-26. >> this is such a big game, metro will stay open an extra hour after the game and the stadium as allow tailgating to begin an hour earlier on sunday. the party begins in the parking lot at 3:30 p.m. that's field, john gonzalez, abc 7 news. >> one or lose on sunday, the indianapolis colts will enjoy a huge personal victory. coach lagano will be back on the sidelines after wrapping up treatment from leukemia. the diagnosis came less than a month into the season so he took a leave of absence while he underwent chemotherapy but visited the team whenever he was able. coming up -- a special ceremony today at the national cathedral. we will tell you which president being honored. plus, the first steps toward rebuilding and alabama as the governor toward mass of tornado damage. and look back at the life of the general would lead the countries troops during the first gulf war. a live look outside -- mostly sunny through the morning but expect crop -- clouds >> the general who became a household name during operation desert storm has died. general norman schwarzkopf died in his home in tampa after complications due to pneumonia. the 78-year-old nicknamed stormin' norman commanded u.s. forces in the ground division to force iraqi troops out of kuwait in 1991 and also commanded forces in grenada and won 3 suncoast -- silver stars and vietnam. president george h. w. bush released a statement saying schwarzkopf -- alabama governor is touring the devastation after a christmas day tornado. he began and i high-school auditorium and mobile where there was significant with damage. the tornado had winds up to 135 miles an hour. even though the damage is widespread governor bentley says there is still a silver lining to the storm. >> it is a shame to see the damage. but the good thing we have to remember is we did not lose any lives, and we do not have any serious injuries. >> the governor says he in not certain whether there will be a federal disaster declaration. state officials still have to review damage estimates first. steve rudin 12:17 this friday. we have an okay day out but everybody is talking about tomorrow. >> a little snow can go a long way but it will not be anything huge. >> no need to panic. >> and looks like more remixing and. outside it is quiet and try. clouds beginning to roll in from the south and west, part of the system that will bring went through the other tomorrow. 43 at reagan national. when shall just around 39. not too bad compared to yesterday when we have the gusty winds. temperatures, 38 degrees in centreville as we move on to silver spring, 39. feels like the lower 30's woodwind's around 6-7 miles an hour. temperatures across the board not so bad. coler north to the west of us. -- cooler north and the west of us. the colder air in upper michigan the teens, new york city at 34 degrees. about a 10-degree difference compared to two under miles away. this is the storm system we are watching. it will track to the north and east in the overnight. cloud will arrive at with the cloud we will see snow showers develop. then eventually mixing in with a little freezing rain and rain. doppler radar will show temperatures, pretty consistent with this time of year holding in the 30's to the lower 40 piece. tomorrow afternoon notice d.c. is green which means mainly rain. do not have to add to far to the north and west, where we have the winter weather advisories. set to go into effect 3:00 tomorrow morning and all day long and it could be upwards 2- 4 inches of snow. the heaviest snow band well to the north and west of us. heading over to d.c., grassy areas possibly 1-2 inches. southern maryland and mainly a rain event. all of this will be out of here by late tomorrow night and by sunday looks like a pretty decent day. the forecast for the remainder of the afternoon increasing clouds. 39-44 overnight. cloudy skies. a wintry mix will develop. tomorrow will not be the prettiest of days. snow to the north and west of d.c., rain and snow to the south and east. the extended outlook will take us through the new year. in new year's eve will be dry but temperatures in the 40's. >> not a frightening snow. >> it is 1 on a scale of a 1-10. but it will be nice -- for people like the snow. >> coming up, the title for the world's tallest bulk has >> we have an update to a story we brought you earlier. sunday cooty and tommy branch pleaded not guilty in the beating near eastern market. the two demanded a jury trial and will be back in court next week for another status hearing. a wreath laying ceremony took place this morning at the national cathedral and honor of president woodrow wilson's birthday. the 28th president of the united states is buried inside the cathedral, the only president buried inside a church and in d.c. if family in arizona is celebrating the fact there dog has been named the world's tallest. bella. the guinness book of world records crown this great game the tallest living female dog in the world. she weighs 170 pounds and stands just over 3 feet tall when on all fours. despite her new fame, she is taking it easy after earning four obedience titles. steve comes back [ male announcer ] this commercial is not about getting fios it's about getting fios. that moment after you finally got it that you actually get it. when you see the difference 100% fiber optics makes and you say "woah we are not on cable anymore." when online videos aren't herky jerky, you get it. or when a movie downloads in two minutes, you get it. last chance to get fios for just $79.99 a month for two years with a two-year agreement. plus $300 0 back. go to got2getfios.com today for america's fastest, most reliable internet -- call the verizon center verizon fios. for customers with disabilities at 800-974-6006 tty/v. >> we just introduce you to the largest dog and now to the smaller end of the spectrum. oscar, from tucson, arizona, the fastest wiener dog in the annual dachshund race. oscar and his owner walked away from the race $1,000 wealthier. he seems excited. >> not so bad. we have changes on the way. the sunshine out there for at least the next hour or two and the crowd -- clouds will quickly increase in the afternoon. tomorrow, a wintry mix, we could pick up from a trace and southern maryland to 1 inch to two inches and the district. a new year's eve and will be dry and chilly. welcoming in 2
FOX
Jan 1, 2013 5:00pm EST
think we have made gggantic progress, i hope that we can have a bipartisan agreementtas our members are making their decisions now, and we look the republicans have to say." house majoity leader eric cantorr-- and sppaker john boehner --- meeting with fellow republicans... deal... expressing deep concerns. house ggpp -3 members connidering mmking amendmentssto the measure...like adding morr &that would fooce the the bill ábacká to the enate...with a deadline to get something done bearing down on everyone. the legislation raises rrvenue by increasiig taxxs on the affluent...but contains - almost o spending cuts. it makes the bush era tax cuts permanent for faailiis making llss than 450-thousand per -3 year... nd provides 3 unemployment bbnefitt for 2 million people... while raising the value of estates death tax. but paaroll taxee áarrá going up. vice president joo biden -- who negotiated the deal - with senate republican leader 3 hill trying to get support henry says: "and the polltical no mmtter how this deal turns out, both sides are eaded for -3 a major clash by the end f february over whether or not -3& to raise the nation's debt ed henry, foxxnews." 3&psoo.. here's what we know about the fiscal cliff deal &pright now... -3 pow...the marginal tax rate for households mmking more than 450 thousand dollars would gooup from 35 percent... to 39-point-6 percentt percent.the 2-percenttppyroll tax cut for every working american... would end. pnd.thereecould be a permanent fix to the alternative inimum tax...there could be a 5- the estate tax...ovvr that aaount... the tax rate would go from 35 to 40-percent wwll apparently be delayed for two monnhs...the delay will be &ppaid for by 12 billion dollars in new revenue and 12 billion dollars in spending cuts 3 2012 turned out to be a far more deadlier year in baltimore city. the last murderrvictim of 2012 died just 14 minutes before the neww year.. tonnght... crime and justiceereporter joy lepola 3 bring that number ddwn. 3& in 2011, the city saw a 3 thaa 2-hundred people were murdered.. record that fell by the wayside t the trike of midnight. thii in a city deemed the 7th deadliest byy forbes magazine. ((pkg))19:19:442(gessler sound))-johny mcfadden 62... kendal stetten 27 they are theenames of those whh were murdered in - baltiiore city in 2012. 3 just before the ewwyear was &pushered in. 217 lives lost.... 20 more compared to the - historic low of 2011. 18:57:33(gessler -batts) we -3can ddop that number below 197 & 197 are still too many lives being loss... too me brothers - uncles ttoomany fathers too many people of color and non & color losing their life that's got ttosttp. :54 under former police commisisoner fred bbalefeld the motto was getting bad guys with guns oof proved suucessful ut is noo being twwaked by he city's new commissioner. councilman brandon scoot is the vice chair of baltimore'sspublic - safetyycommittee. 10:34:244i think the wildcarrdin this is how are e going to get innolved in that fight cuz that the ultimate key they're city as safe as we want it to - be :34 just last month, commissiinerranthony batts cceated a communityyrelltions division. the hope being... relationship wiih residentss aarelltionship thatts been 10:39:59 we can see where the ttrgee is and we have to work to get to that argett over oo hommcidee has grown. and 3 drop n the overall crime rrae. for many city rrsidents.... it is he nnmbbr &pof lives lost... that matters most. 3 as baltimore'sshomicide rate creeps higher.... ccties of comparable siie saw record lows during 2012. washingtonn dc recorded 88 homicides ast yeer. new yyrk city saw it's lowest homicide rate ever ii p012. joy lepola fox 45 newss at 5. 3 as joo mentioned, baltimore did see a reduction in overall crime for 2002. prrliminary numbers released todayyshow a 5-percent droo in violent crime as well as propertyy criim. gun crimes ecliied by 6 percent. he nnmber of homicidess- as joy mentiooed-- did increase by 20. p3 baltimore rings in the new year ... in ssyye... & 3 p3 bmore firrworks nats nats 3 fireworks lit uppthe sky over the inner harbor ... at the city's new ears eve ppectacular.the aanual celebratioo ddaws tens f 3 downtown baltimore. 3 last night, police stepped up pecurity... not only in the inner harbor but in neiggborroods across the city. officers were patrolling on foot... in cars... and.... &pwatching with cameras.oot of the 600 cameras citywide... one hundred of them are ppecifically focused oo the harbor.it's part of a neww - crrod contrrl tactic that was rooled out over the summer. 3 6:44:10 and it really allows & for increased scrutiny ovvr exit nd entry points it also allows for post eeent traffic oo praat street real issue :211- :21 many f thh taatics uued - last night by police come as a result of past celebrations aa the harbor... where people wwre beiig seriously njured. 3 of course, new york ciiy is home tt peehaps theemost &pfamous new year's celebratton of them all. ... and this year it didn't ddsappoint. disappoint. 5.....4.....3.....2.....1 3 happy new year! year!more than a million people packed timeesquare to watch the ball rop. a billion more watched on t-v. covered wwth more thaa two -3 thousand waterford crystal triangles... anndthhs &pconfetti wwre fans' messages to thh late dick clarr...the longgime host of the celebraaion who died innapril. 3 of course, when the party ends... someone has to clean up... and this year crews really had theii work ut out - loooed like after the celebration.... new york citt sanitation got to work right away.... sweeping up about seventeen million pieces of confetti littering the treets of times square. 3 ttat brings us to our question of the day.what newwyear's resslutions are you making for 2013? 3 go to fox-bbltimore dot com and tell us what you think. &pyou can also ssund oof ttrough faceeook. and send us a tweee.. at foxbaltimore. 3 with the new yearrcomes many firstt. including the ffrst babies of 0-13. karen parks ps live at med star franklin square hospital in essex 3 to tell us the baltimore & prea's first undle of joy was born there shortly past midnight.... 3 3 scott micheal is 3 baltimore's baby new yyar...... boon hhre at - franklin square hospitaa at 11:26 this morring.... p3 mom beth olsen was brought too the hospital december 30, two hours after her baby shower.... sse says labor was long and tough but she's glad itt over...... parents say, they nnver thought their baby would be a first in the newwyear... 33 3 (21:42)we actually thouuht - 11:01 ould have been one sscond too late but to find out this was the fiist baby ii baltimore arre its surprising... 3 //karrn//scott michael has a few problems breathing but is expected toobe okay.... 3 3 purple pride is taking hold in baltimore this week..... as the ravens prepareefor their - fifth-conseeutive trrp to the - postseason. 3 members of the ravens ground crew are literallyypaintinn & theettwn purple to get fans excited for sunday's game pgainst tte olts..hey're spray paanting the team llgo - at 300 locatioos around baltimorr....starting at city hall.poeewas there to hhep... along ith the ravenss cheerleaders... and fans are - definitely feeling confident. 3 "iq: yeah we do it every - yeaa.... q: paint the town purplee. -33&pall hh way to new orleans." orleans." 3 3 ii adddtion tt the purpll and & black ravens logo, two special pomewhere in maryland. and beginning tomorrow fans can -3 enterrto win tickets to the game by fiidiig theegollen logos and uploading pictures to the ravens website, twitter oo insttgram accounts. 3 and we asked you to show us your purrpe pride.... pride.... p3takk a look at this little linebacker. he looks ready forr -3 a win .... - 3 and this 84- year-old grandma knows who to she'' also sporting er ravens &pggar from head to toe. blanket and a purse. show us... your purple dot com to upload youu -3 pictures or ssnd thhm directly from your cell to puuple at ravens photo gallery at facebook ddt com slash... -3 foxballimooe or on our website. 3 commng up.... hillary cllnton remains in the &ppospital... what doctors are saying about her conditon... work. & 3-3 not your typical police chasee... the surprising way this driver tried oo et away. 3 something as just wrong, i heard screaming and yelling. 3 a brokkn front door......and a buuglar inside..ttee urprise phis homeewner had innstore for the guy....-& 3 --adblib weather tz-- ♪♪ chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. 3 pecretary of statt hillary clinton rang in the new year in the hospital. she was admitted ssnday afttr doctorss found a blood clot between her - brain and her skull. jill doughertt has more on clinton's ccndition nd whether we can expect hhr back at work anytiie soon. 3 3 3 affer a day of questions bout just where her blood clot was hillary clinton'' doctors issued a statement... an m-r-- clot innthe vein that is situaaed in the spaceebetween the brain and the ssull... behind the righh ear." secretary clinnon's dootors noted that the clot, wwich resulted from a connussion she suffered when she struck her head during a serrous bout result in a stroke, or 3 secretary's medical team hass - been treating her since sunday in a new york hossitaa with blood thinners o dissoove - that clot. once the medication dose has beee eetablished, they saa, shh will be released. doctor david deaton, chief of vascular surgery at georgetown university in 3 pas not treated secrettrr bbitzer there is some good news: there apparently is no bleeding insidd the tissuu of the brain iisslf. "it would not affect herrffnction. shh can travel. it really ust effects sorr of heavy physical activvty. once your medicatioon is regulated approprrately, you canngo about all the normal activities of daaly living." 3 clinton-- whoos flown a milliin miles-- already had her international travel on hold and it oesn't look like she'll be going anywherr soon. about when she'll be abbe to perrooist attacc in 3 depprtment's seeurity laases. &p"absolutely essential that she'd testify." some ssnattrr say clinttn has tt testify o benghazi -- beffre they hood -3 connirmatioo hearingssfor her expected reelacement: senator john kerry. and that could decision to retiie at the end - of president obamm's current - ""ecrrtary clinton's health four years, and having traveled to mooe than 100 countries, she seemed to haae an iron constitution. jill &pdougherty, c-nnn, the state department." the mannwho wws pushed in front of annonccming new orr city subway rain last week... is buried. buried. 33 family and friendd gathhred to remember sunando sen on onday. the man died thursday, when police say erika meeendee & pushed him onto the tracks - beeauue of his ethnicity.she is harged with murder as a hhte rime and is undergoing a psychiatric evaluation. 3 a crook in washington man.... 3 corporal alex pohle.. who is a marine ...and his wife shooping trip to find... the pront door of his parents'' home kicked in.oncc he entered he hooe... he caught the 3 bag of jewwlry and hhnting & ear.pohle... who juss came backkaater a 7 month ddeloyment in afghanistan.... used hissmarine training... to 3 i wrestled wiih him a little - bit and he got out and as he &pwas running i tackled him and i thhew him to the ground and uh we wrestled there for a pittle bii and uhhi subdued him. when i took himmto the ground, ittkinda kickee into put him in a headlock and, blood choke and i put my knee on his head, everything icked in. in.tte suspect has a long priminal history, and now &pfaces buuglary charggs. 3&pnew year's day kicked off wiihh papoliceechass in hollywood califfrnia. it began county after the driver refused to pull overrfoo speeding. the ddiver took off- but this time at slow speeds. he evvn stopped for trrffic lights. 3 stopped and surrenddred. 3 earlier we asked whha neww making this year. and its our question of theeday day 3 marcus writes on our facebook page...."to taae etttr care of my body." bbdy."and lovely writes..." to budget my money betttr." better."a wide variety of responses onnour ffcebook bookk page soofar. 3&p go to fox-balttmmre dot com &pand tell us what yyu think. you can also ssund off through --3 facebbok. or send ussa tteet.. at foxbaltimore. 3 -3 3 ---helicopter nats------&pnats---- a rescue mission takes a baa turn... why crews aboard this chopppr had to be saved ttemsslves.... - 3 [ male announcer ] now at your neighborhood subway: the big hot pastrami melt. we perfected the pastrami sandwich -- filled with hot, juicy pastrami pickles, yellow mustard and bubbly melted cheese. all piled-high on our signature freshly baked bread. made hot, toasty and just for you. and don't be afraid to put your spin on this deli style deliciousity -- add your favorite ingredients, like spicy jalapeños or crisp green peppers. get to your local subway and taste some perfect pastrami today! subway. eat fresh. 3 unbelieeable video outtof rio de janeiro.... where a helicopter is seenncrashing into the ocean... just a few feet frommswimmers. swimmees. 3 ---helicopter nats---- & nats----the fire department chopper was flying bbck to shore... after rescuing a swimmer.... wwo had gone too ffr out to ea.but the rescuurs...had to be saved themselves... after the helicopter began sputtering and crashed. theefour passengers sufferrd inor - injuries. 3 and here in our area there's word f a pedestrran accidenn along i-295 at arundel miils boulevard.at last word... all -3 southbound lanes were shutdoon. 3 & a mild day out theree... but ittcoulddbe getting colder... lets check in with meeeorologist tony pagnotti. p, 3 3 keeping those new years rrsoluuions. tips you ccn use to help meet your goals for 20-13. 3 and scieetific support for reccss... the data to support what most moms already know. 3 it's a nee yeer and many people aar planning their new years resolutions. but if you seemmtooffll shorr -3 off eeting your goal every year, eliiabeth prann has some tips for achieeing them. them..- 3 10::2:40 "nats happy new year" iit that ttme of year... -3 gathering in times square to watch the ball drop and ring in two thousaad thirteen. so we askkd some what their resolutions are.jenny calagoss / sydney, australia 10:43:58 "i want to be rich in 2013" keith stienen / belgium weight"melvin piper //broken arrow, ok 10:49:29 "work out more maybe"maisa marques / brazil 10:51:34 "make better friinds, lose weight, keep & goin to the gym"patricia nevoll / hamilton, gg 10:53:47 "i want to lose 20 ounds" mos "takin everything day by day" - jameer, springfield, ma 10:56:41 "sleep all year"mmria 3 "i'm gonna raauate next yearr so hopefully its gonna be &ppetter" psychologist 3 new year is a great time to hit the reset button on your life and focus on achieving goals you keep putting off. but eewarns not to set your sites too high - make realistic goals. dr woody says: "most resolutions are, typically, vague, lofty, -3 generic and have no teeth. so, instead of making a new year's resooutionn what about making a 'you''plan for 3 yourself to actually pccomplish -3 something.//(12209:03) ecide -3on a destination, make it -&psimple and reasonable and start thhiking bout what are the ttingg i can do to get woodward says when making a - resoluuion you should make it -3 gennine and ddot hold yourself back from actively pursuinn what you are striving for.dr. woody sayy: "you eed to make you actually have to do to make it happen. two, you got to determine on theebarriers or requirements to gettiig those activities done. then, put them on a schedule and set some checkpoints along the way 3 ((n cam tag) dr woodward recommenns seeting a reachable gool that you can attain bb taking small stees. he also recommends a support 3 family. in atlanta, elizabeth prann, ffx nnws. 3 ask kids what is theirr favoriie part of school...and most would respond...recess. well now--- sciince is backinn that up. up.the american academy of & pediitrrcs sayy recess is an &pintegral part of the school day aad stresses it should -3& never be taken away as a punishment. tte time is essential for kids rechargingg their brains.and because kids lives are áso structured today... unstructuree ...ásspeevisedá play is important ffrrcreativity and overall wel beingg 3 the size... shape... and colorr of a pill direccly influencee whether atients will take thee mmdication.thats according to researcherr at a boston hospital who trrcked prescriptions for several differenn drugs.thee noticed - some patients who received generic drugs varying in color were more thann50-percent likely to stop taking them. experts say it's not the collr of the pill,,but what's inside & that counts.generic drugs mmst have the same dooage strength as the brand-namm versions, despite how different they may lookk 3 "being adopted changedd y liie forever" forever" -3& 3 new at 5:30.... a howaad countt woman on a crusade to save 46 other oophans...froo pussia. 3 aad lawyee threatens toothe state of conneccicut over the ssndy hook shooting. why hees now changing his mind. 3 33 --adblib weather tz---
NBC
Dec 31, 2012 11:00pm EST
democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late tonight or early tomorrow morning. top d
ABC
Jan 1, 2013 5:30am EST
fiscal cliff deal. they voted this morning around 2:00. 89 voted for and 8 voted against. the senate package will keep the expiring tax cuts in place for those earning less than 400,000 and couples earning less than 450,000. unemployment insurance will be extended a year to 2 million people. that heads to the house and for final approval that's expecteded morning or by -- expecteded this morning or -- expected this morning or by lunchtime. >>> thousands gathered to remember loved one who is couldn't be here. 216 people were murdered in baltimore city in 2012. last night, there was a vigil honoring them all. victims families politicians and faith community members stood together outside the war memorial building. the mayor explained even though other violent crimes are down, homicides in baltimore city are up. >> the people who we lost to violence on streets, our sons and daughters and brothers and sisters, the loss is trammingic to their families and to the city -- tragic to the families and the city. >> this is the forth year they gathered to remember the dead. >>> two teens spent n
CBS
Dec 28, 2012 6:00pm EST
>>> we are following two big stories tonight. we've got the winter weather heading our way. but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> again, the president reiterated he wants that up or down vote and says that the american public deserves it. the president's remarks came after an hour meeting -- let me try that again. the president's remarks came an hour and a half after he finished a white house talking session on the fiscal cliff with republican leaders john boehner and mitch mcconnell and democratic leaders harry reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say house speaker is boehner is holding all the cards. >> the speaker of the house has got to allow a vote. he has got to allow the full house to work their will and get it done. so far he has been unwilling to do that. >> reporter: in the final hours and days before the end of the year, bob packer knows this time of uncertainty is not good for business. >> if it actually does happen and tax rates go up, it definitely will hurt the business. >> reporter: but even he is optimistic. >> i'm confident they will come to a resolution that works. >> on capitol hill, surae chinn, 9news. >> here is where things could get even worse. if there is no deal, 2 million unemployed americans will lose their benefits on cart daytime plus, the nation's borrowing limit to finance a $16 trillion debt maxes out monday. matt. >>> derek, as you said, there are two big stories. the fiscal cliff and a weather sam, pretty powerful one heading our way. erica joins us. >> it could bring us our biggest snowfall so far this '84 and that would be a big deal. let's take a look new at satellite and radar. you can see that wintry weather approaching. there's a little bit of snow in basically the great lakes region and then rain approaching from kentucky, moving toward west virginia. that rain will change over to snow and a wintry mix. that's why a winter weather advisory is in effect from 3:00 a.m. tomorrow until 6:00 p.m. tomorrow, and for tall counties highlighted in blue, and it looks like we could see an accumulation not only in those counties but also a little bit further south of that. that's what i'm expecting for this winter storm. snow with wintry mix arriving early in the morning with accumulations in the district and points north and west. a wintry mix with rain south and east of d.c. the precipitation moves out as we head into the afternoon and early eveninon saturday, but not after dumping about a coating in the district and even more north and west of that. so i will give you more of a breakdown of exactly what we can expect in your backyard in your full forecast. back to you. >>> tonight firearm fans and firearms protesters are mixing it up at one of the area's largest gun shows. debra alfarone is live at the dulles expo center in chan till lee. debra, you've already see some really dicey confrontations. >> reporter: you could say that, and i have a lot more later on. the lines are long. the voices are loud. the parking lot here is absolutely full. the nation's gun show, that's what they call it, is obviously pretty popular for gun enthusiasts and also for protesters. there's actually more gun enthusiasts than protesters. they kind of outnumbered those protesters 10 to 1 at least. but i tell you what they lost in numbers, those protesters certainly made up in that decibel level. they were loud, they were out protesting, and they basically say they want what they call the gun show loophole closed. they say guns can be sold to anyone without a background check, although people on the line that we spoke to say that's not true. code pink calls themselves a women-initiated grass-roots peace movement. they were the ones who interrupted nra president wayne la pierre's big press conference. let's hear from their organizer, and then a gun owner waiting in line for the show. >> they can hear us and they know we are here. >> there are things that can be done to strengthen gun laws, but outright banning the sale of certain weapons is not going to solve any problems. those weapons are still on the street. what you want to do is keep them out of the hands of criminals. >> derek. earlier you were talking about a confrontation. there were a couple of confrontations between protesters and gun enthusiasts. for now, live in chantilly, virginia, deb deposit, 9news. >>> coming up at 7:00 we'll tell you how the newtown massacre has teachers thinking about arming themselves. we'll have all of that story and much more on 9news at 7:00. >>> still ahead, how your neighborhoods are preparing for this weekend's snow. >>> and right after the break, find out what happens when airport screeners find nearly $400,000 worth of heroin in a woman's suitcase. stay with us, we'll be right back. >>> a woman from ghana is behind bars accused of trying to smuggle 11 pounds of heroin. the drugs were allegedly found in her suit case. tonight she is facing federal charges. >>> lots more ahead on 9news. >> reporter: i'm scott broom with highway crews ramping up for some incoming snow. coming up, the latest travel advisories for your holiday weekend. >>> welcome back. don't we've been trying to answer your questions on the fiscal cliff and getting help with that task is linda, the president of tax masters in rockville. linda, thanks for joining us. you have been following our facebook page. we've been asking our viewers to write questions or ask questions about the fiscal cliff. what are some of our viewers asking? >> they're asking very normal questions, like how would it affect their family with a limited income and a couple of chirp. i had to tell them it affects them quite a bit. if you have children under 17 you are immediately going to lose $500 for each child. >> that's a big hit. >> sts. the young couple with two children, that's $1,000 their taxes will go up on top of the 2% for their salary. >> is there anything people can do to protect themselves in advance of the fiscal cliff happening? the president came out and said he was still mildly optimistic. but if the isn't and the senate can't reach a deal, what could people possibly do? >> contact their congressman. >> short of that is there anything people can do? increase their withholding on their paycheck? what could people possibly do? it's all going to happen automatically if and when the deal goes through because people will have more tax taken out because of the payroll tax, or they are going to lose deductions. most of the time they won't see a big deal until their first paycheck next year comes in. >> linda, president of tax masters in rockville, thanks for joining us and answering our viewers question. >> thank you, matt. >> highway officials throughout the region are warning holiday weekend travelers to stay off the roads if possible, he is special tomorrow morning. >> reporter: i'm scott broom in maryland where highway crews are not expecting a big symptoms, but they are expecting enough snow to make highways hazardous in just about every direction you can go. >> i do have travel plans, and that's to stay home. >> if you haven't been think about driving in winter weather now is the time. >> reporter: at the command center in hanover, maryland, laura is keeping tabs on the developing forecast. >> it's never a good time to drive at the onset of a storm. so fur planning on traveling this weekend keep a close eye on the winter storm on saturday, and if possible, delay travel until later in the afternoon, after the storm passes, or even into sunday. we're pre treating roads right now in the d.c. and baltimore metropolitan area with the idea of being pro active, placing salt brain on the road. -- salt brine on the road. >> reporter: in maryland, scott broom, 9news now. >> meanwhile in the district 200 plows will take to the street at 4:00 this morning. they will be pretreating bridges and overpasses with a brine and beet juice material. >>> when do you think the roads might get slick? >> right around 6:00 to 7:00 a.m. the snow starts to arrive between 4:00 and 5:00 a.m. i think it it will start stick pretty quickly because of the timing of the snowfall. let's take a look outside with the michael & son weather cam. taking a live shot of the jefferson memorial pretty clear out there. just a few clouds and a temperature of 38 degrees. but the dew point is 25, which for snow lovers is good news, because when the atmosphere is dry at the surface, there's nothing to keep the snowflakes from melting, sought looks like we will see some of that snow stick as we head into the early morning tomorrow. the snow and wintry mix, they're approaching. most of the snow will fall saturday morning, and most of the snow will fall north and west of the city as is typical. >> reporter: but we'll see a mix and even a little bit of rain mixing in south and east of town. in the district itself we will see a light accumulation of snow. the precipitation ends on saturday afternoon. suits fast moving system. right now it is 36 in leesburg, 37 manassas, 38 d.c., 33 at andrews. 34 in frederick. we will see those temperatures sliding through 30s and into the 20s overnight. here comes our system. light accumulation throughout the morning hours. overnight, the snow showers don't arrive until well after midnight. if you are planning on hitting the town i think will you be fine. make sure that you are back home before 2:00 or 3:00al. we will see the mix of he snow with a little rain especially south and east of town during the morning on saturday. temperatures remain in the 30s, so it's cold enough for some of that snow to stick, then during the afternoon the showers clear out and it will turn partly cloudy, still chilly 35, to 40 for your afternoon highs, winds northerly 10 to 15. so a wintry mix for everywhere you zion pink. that includes most of the beltway. snow as you head north and west of the beltway. mostly rape, though, down toward the northern neck and the chesapeake and also the delmarva peninsula. so over the next three days we have to go with a yellow alert for tomorrow because of that snow and rain mix. a high of 40 degrees. then sunday mostly sunny and breezy with a high of 40, but the breezes won't be too terribly strong so we're keeping it in the green zone. monday, new year's eve looks good with a high of 44 degrees. seven-day forecast. looks like we could see another snow or rain shower on tuesday, new year's day, but no accumulation out of that system. aft moves out, it gets very cold, temperatures in the mid to upper 30s for highs on wednesday, thursday, and friday. >> let me tell you something, no matter how much it rains or snows or sleets, nothing will dampen the spirits of redskins fans gearing up. >> you are so right. truer words have never been spoken. seriously, there's not much else to say. if you're a football fan, especially if you're a redskins fan, it's dallas week, with the division title on the line. sunday night, prime time, all that is going to make for one of the biggest games at fedexfield in recent history. we'll bring you up to speed and hear what dallas players to have say coming up. >>> you can throw all the records out the window. when it comes to washington and dallas the teams have played each other 104 times. 106 counting the postseason with dallas owning the rivalry, but no matter the numbers, these games are always hard- fought. the last time around, it was a thanksgiving day match-up. the redskins outlasted the cowboys 38-31 in dallas. quarterback robert griffin iii threw for 311 yards, four touchdown passes in that game. but that was then. this is now. players know they have to be on their game to win the game. >> nobody wants to be embarrassed on national tv. so you usually have pretty good games in the prime time games, and everybody is going to give it their best shot. we just have to make sure that we're sharper than they are. >> we have to continue to take the same approach, forgetting about what we've done and focus all on dallas, good out and take care of business with them. >> rgiii was named rookie of the week, again. this is the 7th time for that distinction from the nfl. he claims the honor while healing from a sprained knee. the injury forced him to miss a start but head coach mike shanahan says griffin's knee looked good in practice today and that he is growing more comfortable with the brace on his right knee. the cowboys are in a precarious but familiar position, having to win their last regular season game against the division forks on the road to get into the playoffs. this is the third time in the last five years they've had to do it. they lost in philadelphia in 2008 and in new york in 2010. they don't want to repeat that trend and go home. but players and fans alike know anything is possible in that thanksgiving day game tony romo threw for 441 yards and three second-half touchdowns in a loss. the fact of the matter is, in a smash mouth nfc east battle wearing at stake, anything can happen. >> this is one of the first rivalries you hear about when you join this team. it's a lot of pride behind this game. it will be one of those old- school knock-down drag-outs. the last man standing will feel like he lost, too, probably. >>> we're in day 104 of the nhl lockout. today a new offering to the players association. no word on what the union or individual players think about it. nhl commissioner bill daly said they want to be back on the ice as soon as possible, but 104 days in, -- >> it sure doesn't feel like it. >> no. and if you're wondering about rutgers and virginia tech, rutgers subpoena in the russell athletic bowl. >>> er i will car, how is our stormy forecast? >> we're still watching the approach of that winter storm. overnight, temperatures dipping below freezing. it does look like the rain you see on the map is dog change over to snow. so this is what i'm expecting. snow north and west of the beltway, but we will see an accumulating snow even in the district, but it will be a very light accumulation. a coating to an inch in the district it sea. wintry mix with mostly rain south and east of d.c., and all this moves out by the afternoon on saturday. so if you had dinner plans on saturday, you will still be fine actually as long as your road is clear. but it is in the morning that you might want to stay at home. >> folks going to the game on sunday? >> it will be bundle up weather. that is for sure. it is going to feel like it's in the 20s during the game with that wind. >>er are could, thanks. >>> we're out of time. thanks for watching. stay with wusa 9 for the cbs evening news next. then at 7:00 derek is here with the area's only local newscast. have a great night.
CNN
Dec 30, 2012 3:00pm PST
repo report comes out, the all-important number will have an effect on wall street and could have an impact on the president's job approval rating. that'll do it for me. i'm martin savidge and you can find me on facebook and newsroom continues right now with don lem lemon. lemon. have a great weekend. -- captions by vitac -- www.vitac.com >>> hello, everyone, i'm don lemon at the cnn headquarters in atlanta. >> i'm ali velshi at cnn in new york. >> it is you and me tonight, ali. with the nation perched on the edge of the fiscal cliff we are keeping a close watch on events to prevent an economic disaster. >> we hope. we will spell it out what those talks mean to all of you watching. and if they fail to reach a deal what it means for you, the economy and your wallet. >> thank you, ali. no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the senate yet and the republican speaker john boehner plablamed the crisis one president saying he the one who has never found a way to say yes. >> so you are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. now, during the afternoon, there were several meetings and actually two big meetings i should say. the democrats held one and republicans held the other at the same time, and i talked to a republican senator and a democratic senator coming out of the meetings about where they understand these talks stand. take a listen. >> obviously, what had happened here between the two leaders in the senate had broken down, because the senate democrats fail failed to come forward with a counter offer to the proposal that the republicans made last night. so hopefully the discussion between the vice president and senator mcconnell will get us back on track and hopefully a breakthrough and something that we can ultimately vote on yet today or tomorrow that would overt what we all believe is an economic disaster. >> most successful businessmen and successful people they have talked to are willing to pay more. and so it remains to be seen whether the republicans being driven by a very extreme group of house members will allow the economy to hurt because of their desire to protect multimillionaires in this country. that is what it is going to boil down to. >> so two things to flesh out there, don. first of all, senator john thune, a member of the republican leadership talking about talks between senator mcconnell, the republican leader, and the vice president joe biden. that is something that started transpire today. senator mcconnell as our jessica yellin reported, he reached out to joe biden and that is a sidebar conversation, but an important one, because the two of them have a longstanding relationship, and joe biden was a senator for three decades, and they have worked through the bipartisan deals before and like the actual tax cut extension that happened a couple of years ago and the second thing that you hear claire mccaskill, the democrat, talk about is that republicans are holding out for taxes for the rich. that is something that we heard the president talk about ad nauseam on the campaign trail for over a year, but it really does seem to be a boiling down to those same arguments, and the same philosophical differences behind closed doors and then technically, process-wise, what is going on is that they have to figure out where the threshold is for how high of an income you have to raise enough votes in the house where there is a big republican majority in order to get it to the president's desk. >> a lot of information, dana. standby, because even though the senate has gone home, still maybe more news. dana will be joining us later. thank you. ali? >> don, we have cnn contributor and columnist for newsweek and the daily beast john avalon joining us from new york. john, the remarkably and so dana had a lot of detail as don pointed out. why are we having this discussion with all of this detail with less than 36 hours to go to the deadline? they have had, and you know how many days to work this out? h 516 days since we first learned about the sequester and 12 years since we first learned that the bush era tax cuts would expire. >> yeah. the world's most predictable political crisis and this is a totally self-made problem. congress set this time bomb and now scrambling to diffuse it. it is a dereliction of duty. we were told all year that nothing would get done in the presidential year, because it was contentious, and that the lame duck would be productive and politicians would come together and reason together and think about the national interests, but it has not happened. they can't seem to focus on solving a problem until the literal last minute and the senate is at home and everything is going to be done tomorrow on new year's eve, and folks should be furious, because if it were a business everybody would be fired, and they are not getting the job done. the american economy and the fragile recovery is hanging in the balance. >> john, what do you think has to happen? one of the things that claire mccaskill, and senator claire mccaskill was saying today that is that the house is held hostage by a small group of extreme republicans. we know that grover norquist may or may not have influence, but in the end, what is holding them back from a deal right now? >> one thing that is holding them back is that speaker boehner does not have full control over the conference. he has about 50 votes on the far right of the party that did not back his plan b to set a $1 million threshold. at the end of of the day, if a deal is going to be done, it is only going to happen if the center of both parties comes together. if you make any concessions significant to the democratic base, you will have concessions on the far right as well. that coalition is ultimately what got us across the finish line that ended the whole debacle of the credit rating, and here we are again. there is not that much time. if we go over the cliff, democrats are willing to put forth a bill to save the tax cuts, but it is the dysfunction that is the problem and the lack of predictable and the prediction of brinkmanship that has folks at home furious and it should. >> i am getting a lot of twitter activity on this, and that is the chain cpi and we have heard about this already, and john boehner originally propose d this, and chained consumer price index, and for our viewers a lot of people have commented that this is overly simplistic and explain it. it is the inflation measure of which increases to a number of benefits are tied. for instance social security, they have a basket of goods and the goods go up and the percentage goes up as well, but chained cpi says l s lis li s i like consumers do. if the price of beef goes up, then buy chicken. some people like it, and some don don't, and it is not the worst idea in the world, but we talked about this earlier, and the problem is that nobody wants anything coming off of their plate. >> right. that is what just from to getf-go is a non-starter and the president said consistently that everybody has to give a little bit and the essence of the grand bargain, they know the outcome with their eyes closed. the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a patch with less than 36 hours to go. >> and don, this is the problem, something is the going to hurt. we can't get out with no pain, and we have all sorts of things and nobody wants to pay for it, don. >> you two are fired up, too. and the people at home are too, right. >> and 516 days since we knew that the deadline would come. >> and right at the deadline, and they are going home. >> right. and we are not. >> we are not. we will be here until who knows. okay. a stalemate or breakthrough? with hours to go, lawmakers are searching for a compromise. what are the chances of reaching a deal in washington? we will talk with a democratic lawmaker ahead. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> this whole fiscal cliff mess shows how out of touch you are with the way that people live in the country. you are off in la-la land and people are saying that you are are acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actu actually representing the people who elected you. >> more interested in being right than in doing the right thing. you know, don, i'm not one of the guys who piles on with the mob and hates politics and hates washington, but people are frustrated and i have trouble finding fault in their frustration at all. welcome back, everybody, to the special coverage of the fiscal cliff negotiations. don and i will stick with you while we follow what is going on. take a look at what is going op at the capitol and pretty picture, and i hope they are getting work done in there. lawmakers are getting work done and they are filing in for the roll call. you don't want to leave it for the last minute. the talks are aimed at preventing us from going over the fiscal cliff and they are not making a lot of progress. the two sides are talking, and that is the good news. that is the best that can be said for what is happening on capitol hill. if you wished that the deadline would push the democrats and the republicans to get to a deal, we are still, don, waiting for that to happen. i suspect that i have a better chance of growing hair than we have of getting a deal tonight. >> yes, probably. i mean -- [ laughter ] -- you are right, pretty pictures, and that is about it at this point, and nothing pretty is happening right now, because, ali, in less than 30 hours before we go over the fiscal cliff, and it is not clear whether a last-minute deal is even possible or whether this is going to be all about shifting blame. i want you to listen to senate majority leader harry reid. >> with 36 hours left until the country goes over the cliff, i remain hopeful and realistic about the prospects of reaching a bipartisan agreement, and at some point in the negotiating process, it is obvious when the other side is intentionally demanding concessions that they know that the other side is not willing to make. we are not there, prpt. i hope, mr. president, that we are ready to go forward with the status, but we are not at the point where i can say we have this for you. >> and now joining us from washington, congresswoman bass, and can you talk to us about the standstill right now. are you optimistic that there is any agreements made today? >> well, you know, i am optimistic. i mean i know it sounds like a very short period of time, 30 hours, but that is enough time for a deal to come together, and you know that the basic parameters of that deal, i believe it is shaping up, whether it is $250, $400, the extension of unemployment, the doc fix, i do think that the basic ingredients of a plan is there. 30 hours is time enough for us to get it done. i know it sounds very short, but it isn't. >> and congresswoman, why does it have to come down to 30 hours and you have been listening to my colleague ali velshi of you v have had 513 days do do that. >> well, i understand that, and i agree and share that frustration. you know the democrats right now are holding a caucus and i believe that the republicans are meeting as well, and believe it or not, we are on the floor as you speak passing legislation on other matters. and so it is a frustration for all of us, but i do believe that 30 hours, we are going to get a deal and it is not the grand deal, but i do believe it is going to be a deal that prevents frus goi us from going over the cliff. >> we are talking about the frustration of people and that has been the constant theme running throughout the process, the frustration of the voter, especially about congress and bickering and instead of doing what is best for the kun tcount. do you feel that on capitol hill? >> sure. i think that we all feel that frustration. but you know, these are really large problems to deal with. and you are dealing with the clash in philosophies. but i know what we all agree on and we all agree that the taxes should not go up for 100% of americans. i certainly believe that preventing the taxes to go up on 98% of the americans and 97% of small businesses is something that is attainable and something that we can get done. i'm hopeful that will happen. >> what are some of the big issues that need to be addressed in the next 30 hours? >> well, i think that the big issue is that what is the size of the deal we are going to put forward. i think that, you saw what happened earlier today with the social security being put on the table, and i'm glad that my republican colleagues removed that from the table. i do think that we need to do whatever we can to prevent the tax hikes in this period over the next two days, but then there are bigger issues that we have to deal with and you know that we probably won't get to sequestration, and that is a hammer hanging over our head, and the debt ceiling is still something that we have to resolve right after the first of the year, and it would be wonderful to think that if we could all come together in the last 30 hours and do the big deal, that part i don't think is realistic, but it will prevent us from going over the fiscal cliff. >> hopefully the next time i see you, and it is in a few hours on the air here, and you are back because you say, don, we have a deal. >> and because i told you so. >> yes. thank you, congresswoman bass. and ali, someone tweeted and they say, don lemon and ali vel shishgs i am looking to you to keep me calm, because i have just accepted that we are going over the fiscal cliff, happy new year. >> look, the world is not going to come to an end when it happens and two points, and people keep asking me, what will happen to me if we go over the fiscal cliff, and one thing is that you will feel some taxes going up and the paycheck is going to be smaller, with but that is two weeks to a month before it happens, but the more important thing is what has already happened, don, and that is that people spent less money, and the consumer confidence which had been going up for a long time has started to come down and the economy is feeling worse, and the congresswoman mentioned sequester and we won't get to that. the sequester is $109 billion in automatic spending cuts this coming year, about $3,500 more per year in taxes for the average household, and our unemployment rate which has been coming down, and we are trying so hard on this could go back p up. this is according to the tax policy center, and the congressional budget office. these are big deals. >> you are saying that all of the progress that we have made, the lawmakers in washington are basically shooting flus the foot. >> yes, 2013 could be a good year for us, don. 30-plus months of jobs being created and a natural gas boom in the country, and oil boom in the country. we have houses coming back, and we have low interest rates and so much can go right for america in 2013, i hope that these folks at capitol hill are paying attention and they are doing something as the congresswoman said, and filing in for a roll call vote right now. it is our last, best, and only hope for stopping this fiscal cliff business. we are going to speak to a republican lawmaker in a moment, and marcia blackburn and in the meantime, you are watching the speciacoverage here on cnn and don lemon and me and our colleagues in washington. we will be right back. s with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of perfection. >>> as republicans and democrats are at an impasse, both sides are blaming each other, and the markets will open up by the way in asia in the next couple of hours and you might start to see a reaction, but although, i don't know what they have to react to, but our own markets will open in 14 hours from now here in the united states. maybe they will react to something, too, but my point is that congress could ruin a good economy. for perspective, we will talk to a republican from tennessee, representative marcia blackburn. thank you for being with us. >> good to see you, yes. >> i know we have talked about this many times and individually, you are all not to blame, but people are angry, and they do, and it does stand out when we say that we did know this was coming. 516 days ago, we dealt with the debt crisis which is one of the most stupid and low moments of american political and economic history and 12 years ago, we knew that the bush tax cuts were going the expire in initially ten years and then in two more years. what possible explanation could there be to the american people as to why we are all struggling with less than 30 hours to go to come up with a deal? >> well, and first of all i would say that i am pleased that people are outraged. i'm pretty outraged also when you look at the fact that the senate has not sent legislation back to us. you know something, ali, leaders make choices and choices have consequences. and the choice that the senate made was to not take up the bills that we had sent them. we sent them reconciliation on may 10th. we sent them the tax extenders and by the way, that one, hra passed with 19 democrat votes on august 1st. august 2nd was the defense request reconciliation, and then the tax reform over on september 19th. all of those have been on leader reid's desk, and my question is why would he let it sit there? when you have paperwork on your desk, and let's say this is your employee, and the paperwork is marked on the desk urgent and some hitting in may and august and why not take it up. >> plenty of blame to go around, but last week, and go back a week ago -- >> okay. >> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow suggest that we are here because of the democrats. i am not saying that the democrats had nothing to do with it, but you can't get your own act together, and the republicans and the democrats in the house can't get their act together. >> well, we are here as inaction, and here is the deal on that, and what the president wanted to do was to generate enough revenue to cover government for agent eight days, seven or eight days and what do you do with the other 350-plus days leftover? you cannot continue to run trillion dollar deficits every year, because we are already at $16 trillion in debt. what we have is a debt crisis and quite frankly, i think that to our children, to our grandchildren, it is absolutely immoral that all of this would be kicked down the road, kicking that can down the road, and then heaped over on their heads. >> well, it is a little bit immoral that it is happening today and forget the grandchildren, but how about us? >> well, i agree with you, and well, that is why you have got inaction that you are looking at. hr-8, ali, that was a bill filed in january 2011 by the speaker. the senate knew it was coming to them, and the house knew it was coming to the floor, and they worked the bill and they got bipartisan support and that would have extended tax reductions for everybody. >> right. and it had bipartisan support, so that the thing is that it is inaction, and quite frankly, i hope that my colleagues in washington that all of us learn a lesson that you cannot kick the can down the road. you have to put the tough issues on the table and you have to deal with them. >> but you will agree with me that if we come to some deal in the next 30 hours, and either we come to one or don't come to one that will involve kicking the can down the roadings because at this point we are out of time for anything more significant than that? >> well, the point is that you cannot do something that generates revenue and not address the spending. when you are running a $4 billion a day deficit, you cannot do something that is only revenue and, you know -- >> well, that is not -- >> and you and i agree that the entire budget process ought to be looked at and overhauled. >> yes, and the entire tax process. but there is a lot of work to do and let's hope when we get back to work that we do that in a more timely fashion. thank you, congresswoman. >> i agree. thank you. >> and as you can tell, they don't see eye to eye on these thing, and can the cnn contributors do any better? we will talk to two of them about the fiscal cliff ahead. ra, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? 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[ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. >>> we are back. ali, if if people knew what happened in the breaks on this show. >> i was not planning in the long term planning i was expecting to be somewhere traveling and i was not expecting to be here, so everything is upended and as a result, i have my dinner here and chinese food and little coke zero to wash it down. >> i aid -- i said, ali, you have all of that stuff and you have coke zero. it is a good thing that you are charming. >> yes, because i am not winning anybody over with my looks and tight body. >> back to the news. >> back to the news. >> everybody up to the speed on the talks of the looming fiscal cliff, ali. >> not a surprise that democrats and republicans are not budging from the decisions, and here is a live picture and something is going on there, because the lights are on at capitol hill, and optimists hoped that a deal would vote on something tonight, but we know that the senate will not vote on anything that to do with the fiscal cliff until tomorrow. one sign of how desperate it is, vice president joe biden has joined the talks, and speaking from his senate days, republican leader mitch mcconnell speaking, but what the gop wants, they won't get. both sides are still talking, even if they are not necessarily listening to each other. >> the republican leader has shown absolutely good faith, but it is that we are apart on big issues. >> i am willing to get it done, but i need a dance partner. >> both of the republicans and the democrats agree there need to be changes to the u.s. tax code, and that is one thorny issue to avoid going over the fiscal cliff. let's go to jean sahati who is a senior writer for cnnmoney.com, and probably the person most immersed in the my knew that -- minutia of all of the stuff going on and so you have political headlines of stuff going on like tax rates and there are back channels and people have been discussing this for a long time, and what is your take? >> a long time. >> and first of all, real tax reform is a process to take two three years at best probably and that is not certainly going to happen tonight and not worked out, but what is the likelihood of a deal? what would it look like from a tax perspective? >> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will affect you for the 2012 income, and not the 2013, so that matters immediately. >> right. in effect, the irs came out last week and said, hey, lawmakers, if you don't do an amt patch by december 31st, we will have to delay 100 million returns which means delays refunds for those folks and 30 million people will have to pay it and normally it is 4 million or 5 million and that is how ridiculous it s. >> it is a tax that is designed to make sure that the highest, richest income earners pay some tax and some people who are not high ip come earners will be hit with this and there is a lot brokewen the law. and for all of the viewerers casually watching this and hoping that it is going to be fixed go to money.com and look at her stuff, because there is a lot of good understandable detail about what exactly is at stake. it is not easy for us to just digest it into a couple of minutes, because it is a lot of stuff. >> jean said it is the 11th hour and it is really. ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired. no excuse. and the only solution i would tell you lies with us, the american people, and with us, the voters. demanding that they start working together. and actually coming up with something. we cannot continue to have the spectacles every few months. it is like making sausage. >> can we talk about the optics of this, maria, because many people say, i hear you up there, guys, don, and this is a republican and democratic problem, but we are here h because the republicans won't play ball. >> well, i mean, you nknow, it s easy for me to say that and i actually do think that politically the republicans will suffer more if this is not done. i mean the republicans lost the election, and a big reason was because the middle-class americans and the normal everyday people didn't think that this was a party that understood what they were going through. and if they are now seen as being the ones that are making taxes go up on everybody because they want to protect taxes for the rich, that is not going to be politically good for them. but at the end of the day, this is not good for democrats either, so i don't think that either democrats or republicans want us to go over the cliff, because while again republicans will be blamed more, democrats are not going the come out smelling very nice on this either, because everybody, everybody, don, you, ali, ana, me, the american people are frustrated that we are waiting until the 11th hour for this to be done. >> ana, i will let you respond to that, because i know you want to. >> no, listen, i absolutely agree, and it is not everyday that maria and i agree, but we agree on this one. everybody is going to look back and the country is going to look back and the economy is going to look back and tomorrow we have the opening of markets and it is not going to be a pretty picture. i can tell you that people looking from the outside of the country cannot understand this circus-like spectacle we are putting on. it is unsern certainty and not d picture that we should be doing on the december 30th with the days ticking down. and let me tell you something else, if we don't get to a deal, just remember, that january 3rd, we have a whole new batch of congresspeople, and senators swearing in who have not even been part of the negotiations. so it is really, it is very much, you know, an urgent time frame that we get something done. it is not going to be a good solution, and it is not going to be a long-term solution, but we have to continue demanding a long-term solution to address these very serious problems. >> yes. and can we get ali in here as well, because this is good and since we are here sh, all of us someone offers something very good on social media and says context, just curious about the yearly income of the talking heads offering faults and solutions, and the lawmakers as well, because when you think of the average salary of an american worker and the people on capitol hill doing this, and all of us sitting here, and, you know, granted we do pretty well and we are -- >> yes. >> and we are speaking for the american people? >> yes. >> you were talking about frustration, ali, go. what do you say to that? >> well, listen, we are in an economy and very few and if we went over the fiscal cliff totally and no patch and nothing was fixed in the next if few week weeks and i don't believe we will do that, but if we did the hit to the average family could be as high as $3,500 a year and maybe as low as $2,500, but as high as $35 and not only is that a lot of money, but it is an economy of real money and real expenditures, but the follow-up effect is much bigger. so that the family may withstand having $3,500 less, but the people buy fewer things, and the economy slows down and then people lose their jobs. so maybe you can live without $3,500 less a year, be you can'tley without a job. that is the more serious effect of what it does to my paycheck in a month is whether this slows down the economy. we are not going very quickly in the u.s. economy, but we are are moving forward. people, that is where it hits you when it is not your fault and people are tired. in 2008 something happened to the economy that was with nobody's fault and created by people on high and now we are doing the same thing, and getting into something, what did i do to deserve this, the average american is thinking to themselves. >> and sitting here watching us and sitting on television and think that our salaries are inflated anyway and the pundits. >> well, fair to say it that is higher than the average american's salary and higher than 16 million people who don't have jobs in the country. >> very good analysis. >> well, what you are doing tonight of putting the people on the street of putting those videos of facebook videos and putting the social media reaction is useful, because the people in washington need to hear from the everyday american. i was at target today, and i got approached by three different people who recognize me from cnn asking about this. this is not going to happen five days ago or a week ago. people are starting to get worried an folks in washington have to know that. >> and i agree that the american -- >> and that -- >> and the american people are the ones who have to chime in here and they are the ones with with the power. >> the producers are saying move it along and move it along and thank you a, in, and a maria and take itway, ali. >> the fiasco is being felt on main street and capitol hill and the investment community on wall street. i want to talk to you about how all of this may affect the markets and the economy and not talk tact fat cats, but because of your 401(k) and the investment investments and talk about that on the other side. [ thunder crashes ] [ male announcer ] if you think all batteries are the same... consider this: when the unexpected happens, there's one brand of battery more emergency workers trust in their maglites: duracell. one reason: duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. so, whether it's 10 years' of life's sunny days... or... the occasional stormy one... trust goes a long way. duracell with duralock. trusted everywhere. >>> as americans are making themselves heard about the fiscal cliff, the impact of this is daunting for the economy, and for the marketsch i want to bring in kenneth volkari who is a great friend of ours and it is few hours before the markets open and we have a good indication of the futures and the bells ring at 9:30 eastern time, and at 9:20, the futures are accurate. i'm not sure how accurate 14 hours out, but we are indicating a positive open on the s&p 500 tomorrow, a nd can you explain that to me? >> well, is it slightly positive or what? >> well, slightly positive. >> well, first of all, there is a couple of things going on. i think that half of of asia is closed today, right. you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, all we have done is to cause more confusion and kicked the can down the road and led wide open to another fight and end in january while we have a serious debacle hitting us in the face on january 31st. >> you cannot sit it out. you to trade every single day even if it is a bad day tomorrow in the markets, you can't stay home. here is the point, people have been asking, what do i do with the money? what do i do? get out of stocks and put my money in cash, what do i do? >> well, ready, it depends upon who you are. are you someone who is putting money a wway for the long termkr someone who is going to invest in the ira and leave it there for 30 or 40 years and you want days like that nerm that in ter volatility, because there is not a market crash, but there is pressure on the market and reprice the environment and reprice the risk in the market at the moment, and so prices will get cheaper. but if you are a long-term player, you want these days to happen and start putting money to work in the market as it gets a little bit cheaper. my sense is that there is a ton of money out there on the sideline sidelines and people are talking about 2013 being kind of a turnaround year with better days ahead so that you want to, if you are the long-term guy, take advantage of the weakness in the market. >> yeah, and you know, kenny, i want to remind people that with this dow and the s&p 500 which is a lot of people's 401(k)s is up more than 12% for 2012 and all of the nonsense in europe and the fiscal cliff, and the market is better than the long term average in 2012. i keep saying that if washington does not mess it up, 2013 could be a good year for america. >> you are absolutely right. so what we might find is that we might hit volatility in january and a rough month, but you know what, don't despair, because i think that as we move on, and listen, we will get through this and this is not the end of the world, b world, but the market will have to reprice the risk based on what they see. after that, then the market will start to make headway and we will see some turn around in china, right. seeing some turn around there already, and seeing the green shoots in the united states, but the only thing that we have to wor with ri about is europe and they are in recession and if they come out that is only going to add to the story. >> kenny, i love the optimism and you have seen many of these things come and go and it is useless and ridiculous to be in the position, but as you say, it is not the end of the world. ken poll cari, we will see you tomorrow. >> yes. >> and how will this fiscal cliff impact your taxes, and we will break it down with the fiscal cliff calculator with don lemon and yours truly. but it's our tradition! that's roughing the card holder. but with the capital one venture card y
CNN
Dec 31, 2012 6:00pm PST
looking down the road to another fiscal cliff, such as sequestering or the dent ceiling kicking in a few month from now, and the third piece is is it financially responsible. are we producing a deal that will actually put us on a path to a financially stable future. those three things are the big questions that have been raised today that we have been raising, a number of us, with our elected leaders. they have been working to try to find a path that will address those. >> on those points, we seem to know, basically, what the deal is on the fairness question, what you're talking about, $450,000, that's the threshold. if you're making $450,000 or less and filing as a couple, you're not going to see any tax increases. is that good enough, is that fair for you? >> well, we're going to see a 2% raise for those at the bottom and a fraction of a percent for those at the top. that's quite a differential. there's been some discussions around that. we'll hear what our leader has to say in a few minutes. >> if it's $450,000, everybody below that is not going to get a tax increase, will you vote for it. >> >> tthe people below will ge tax increase. >> that was always just a one year stimulus. th
MSNBC
Dec 27, 2012 10:00am PST
the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly o'donnell is live on capitol hill. kelly, i want to start with you. senator scott brown just tweeted out to all his followers that he was getting on a plane heading to washington. the president has apparently sent over a new deal to the senate. what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if they reached that. but trying to protect the
CNBC
Dec 28, 2012 7:00pm EST
the developing situation in washington. there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federation. jonathan, good to see you. >> michelle, thanks for having me tonight. >> how dram
MSNBC
Dec 26, 2012 6:00am PST
compromise. if you think about it, they have less than a week to get a deal to avoid the fiscal cliff. not a lot of time. how did we get to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the a
CNBC
Dec 31, 2012 2:00pm EST
to a fiscal cliff deal. the latest word is that they are negotiating over the exact amount where taxes will rise, 450, maybe 550, maybe in the middle at 500 but the president did throw a barb out there saying if the republicans think we are done with tax revenue and spending cut discussion, they have another thing coming. welcome to final "street signs" of 2012. and if things don't go well, maybe the final "street signs" ever. just kidding. just ten hours left in this year in washington and ten years until we fall off the fiscal cliff. can we get it done? >> working the phones day and night, let's goat john harwood in washington. lots and lots of headlines, fill us in. >> the latest mandy is that negotiations agreed on the middle class portion of the tax cuts. these are talks between biden and mcconnell. what they agreed to is 39%, 39.6, rather, of individuals over $400,000 in income. married couples above $450,000. estate tax to 40% for estates over $5 million p.m. and rise in dividend rates. can they resolve the disagreement offer spending cuts? democrats are resisting. they wa
PBS
Dec 27, 2012 7:00pm PST
crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind on anything the president proposes. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. that was brought up in an effort to send us something. he
MSNBC
Dec 30, 2012 12:00pm PST
. we are apart on big issues. >> with less than two days to go until the fiscal cliff negotiations have hit a major setback. the senate is in session but after 516 days congress has not been able to make a deal. this morning in an exclusive interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we all know we are running out of time. this is far too much at stake for political gamesmanship. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i am interested in getting a result here. >> we have been trying to come up with some counteroffer to my friends' proposal. we have been unable to do that. i had have had a conversation with the president and that this stage we are not able to make a counteroffer. >> what happens now? with us is cello o'donnell and
CSPAN
Dec 31, 2012 3:30pm EST
that no deal is better than a bad deal, but in the case of the fiscal cliff, no deal is the worst deal because the government will go over the fiscal cliff and will take almost every american with us. almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut dramatically, most people, including the congressional budget office, our own congressional budget office, say that the combination of tax increases along with the decreased spending required under the budget control act will push our economy back into recession in the new year. so i don't agree that no deal is better than a bad deal. in this case, i repeat, no deal is the worst deal because it allows our country to go over the fiscal cliff and really hurts almost every american family in our country, in our economy,
CSPAN
Jan 1, 2013 1:00pm EST
deal on this so-called fiscal cliff. senator mcconnell negotiating with vice president joe biden late last night and coming up with a deal this morning. this is the third time that deerow has gotten together on budget issues. and they were able to come up with -- that the duo has gotten together on budget issues. they were able to come up with a deal. people are calling this round two of the negotiations. before the vote, here is what the house gop leadership put out in a joint statement. all four republican leaders said this. the house is in recess for caucus meetings. both sides are in behind closed doors. whether or not they take it up today and vote on it remains the question as we continue our coverage on c-span of the so- called fiscal cliff talks. a tweet here for you. and as from troll -- -- this from joel -- want iyour thoughts here. leonard in kentucky, a democratic caller, what do you think? caller: i feel about this fizzle cliff, a first of all, let me state that a personals -- a person's standing, whether democrat, republican from of our independent, needs to be thrown aside. we are in a country where a black, wh
FOX Business
Dec 27, 2012 5:00pm EST
reid says it looks like we'll head over the fiscal cliff. with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal clif
KRON
Dec 26, 2012 6:00am PST
administration will be unable to break the deadlock in talks to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers delivering supplies. the tal bang claims responsibility for the attack which happened after a minibus stop at a deep for a security check. the international security assistance for says the base has been secured. if sampras as the woman will be arraigned today on charges of vehicular manslaughter that killed one pedestrian and injured two others in the twin peaks area. the 56 year-old died last week after a car hit her at the twin peaks lookout point. police say the driver was intoxicated. the victim's son told us he doesn't want another family or to suffer through this bad as they feel all because someone drank too much and decided to drive. >> think
NBC
Dec 30, 2012 6:30pm EST
street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p. bill went down in the fall of 2008 during the financial crisis, kate. >> john harwood, thanks so much. and there will be much more on all of this tonight on a live special report on cnbc. it's titled "america's economy held hostage," that's at 8:00 eastern time. >>> overseas, this has been a very deadly weekend in syria, where the civil war has been going on now for 21 months, as fighting raged in a number of cities, activist groups say more than 50 people were killed today and yesterday was far worse, with almost 400 deaths reported. more than 45,000 people have died since the war began. and today, the special u.n. negotiator predicted that 100,00
MSNBC
Dec 26, 2012 11:00am PST
wealthy. no 48 notice on house votes. the potus on his way to d.c. to address fiscal cliff for the middle class with six days left to act. gop still mia. joining me now from hawaii, kristin welker. was the president expected? >> we did expect that given there was no deal on the fiscal cliff that he would have to return early from his hawaiian vacation. he will be flying out late or this evening. the first lady and the first daughters continuing his hawaiian vacation. he will find himself in a similar situation. the negotiations are largely deadlocked. just to give you a sense of how we got to where we are, if you go back to last week, it seemed like the house and speaker were getting close to getting a big deal that would have included tax reform and deficit reduction. that fell apart. house speaker john boehner tried to get his own bill through the house. he realized he didn't have enough votes for that. that fell apart as well. the ball is in the senate's court. according to an aide, senate majority leader harry read will not bring a bill to the floor unless he believes he will not have the support to get it passed or at least not to block it. that is the strategy right now. president obama will be working with what ma jority leader reid trying to get
ABC
Dec 29, 2012 11:00pm EST
so-called fiscal cliff, and the deal could be coming together as soon as tomorrow. richard reeve joins us from the newsroom. what we are hearing is this deal may not cover everything? >> that is right, the temporary payroll tax cut is set to expire, affecting everyone getting a paycheck. we are told senate leaders are trying everything, private conferences, phone call, email trying to hammer out a deal before the deadline. the clock is ticking, just three days left now. >> i'm hopeful and optimistic. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >> whenever we come up with will be in perfect. >> it comes up with president obama calls the bare minimum addressing tax cu
FOX
Dec 31, 2012 10:00pm EST
fiscal cliff with only two hours toogo.. "we can dd thiss we must do thh" this." the status of a tenative deal designed to avoid drastic tax hikes and spending cuts. year.we'll ake you o the celebbatioins in timmsssquare and the inner h. harbor.a cloudy and rearyy ay &pto starttthe new year. why we much ii my skywatchhforecast. and he ravenn push foo the playoofs.why their first game will also be a reunion. fiist tonight...breaaiig news from waahington d-c...america cliff at midnight...issal - deal has aaparentty beee reached &preachedthe eal was worked ou mcconnell - the minority ch leader......and vice president ago......biden met with senate details......and the senate may vote on tte deal within sides were frustrrted thattthe deal took so long thune says: "i just find it wrrng their hands and talk pbout gee whiz, i hope we can &plast day, as we puu two peopl together basically to esolve t" this."yarmuth says::"the american people are looking att congress with disdain and rightfully ss. with the deadline of the fisccl cliff only hours away, we failed to to move the economy forward o the middle class
KOFY
Dec 31, 2012 9:00pm PST
-called fiscal cliff just in time before the new year begins. senate to vote on the deal tonight. democratic leaders including senator feinstein and boxer from california just left capitol hill within the past hour or so and vice president biden spoke just few minutes ago. listen. >> i feel in very, very good. i think we'll get a very good vote tonight but happy new year. i will see you all maybe tomorrow. >>reporter: it looks like they get it done just in the nick of time. what does the imagine include exactly. karen travers has the details. >> don't start popping the champagne yet but tonight a major step to avoid the fiscal cliff. after days of intense negotiations white house and senate republicans reached a deal and vice president biden went up to the capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out a way forward with mcconnell. the agreement would permanently extend the bush tax cuts for individuals making under 40 400,000 holding making under 4 50,000. raise the estate tax valued at more than 5 mill
FOX Business
Dec 31, 2012 4:00pm EST
bad at all. all eyes on the approaching fiscal cliff with just under eight hours left to make a deal. we've got you covered from capitol hill, we're going to be speaking live with congressmen from both sides of the aisle, representative tim hulz camp, mick mulvaney and dennis kucinich. david: also wilbur ross, chairman and ceo of -- [inaudible] and the former chairman of the white house council of economic advisers. i tell you, we get the prime guests right here. ed lazear says tax hikes hurt growth. find out just how much. liz: rich edson live on capitol hill with the very latest on the fiscal cliff countdown. larry shover live in the pits of the cme, and what action we saw, wow, and we've got more than $100 billion worth of advice from our market panel, bill greiner and sandy lincoln. but first, let's talk to rich edson and, rich, you know, you're looking at a situation at the moment where you have the president saying we're close, but no deal. you have senator mitch mcconnell on the republican side saying close, but no deal. leads me to ask, what about joe biden? our vice president? he's
CNN
Jan 1, 2013 1:00pm PST
ain't over until it's over. the fiscal cliff deal approvaled overwhelmingly faces strong opposition by house republicans. in fact, the number two house republican leader says he does not support it and now a new deadline threatens to send it back to the drawing board. and dana bash is on capitol hill. dana, what is the latest as far as the republican majority in the house is concerned? >> reporter: the latest, wolf, is that republicans will reconvene and have a second meeting in 15 minutes. down this hall, house republican leaders are still huddling but they announced that they are going to call republicans back together. perhaps that is because they have an idea of the the game plan that they want to pursue after they heard for about an hour and a half this afternoon from their rank and file by all accounts there certainly is a lot of interpret pi dags and voting to simply approve what the senate passed last night not only overwhelmingly, 90% of the senate voted for it, but it passed overwhelmingly among the fellow republicans. again, the percentage is about 90% of senate republica
FOX News
Dec 30, 2012 3:00pm PST
making his case and pressing lawmakers to reach a deal. when asked about the fiscal cliff in an interview today. ed henry is live from the white house. the president seemed to be aggressively pushing his message. >> he was. he's been briefed through the day by his staff. he's been at the white house behind closed doors, awaiting the latest. all those developments mike's talking about but he decided also to take an aggressive role in going on a sunday talk show for the first time in over three years, meet the press, and made his case by suggesting this is in republican hands now. if they do not move forward on a deal, the g.o.p. will get the blame for going off the cliff. >> one of the proposals we made was chain cpi which sounds technical but makes an adjustment in terms of how inflation a calculated on social security. high will highly unpopular among democrats but in pursuit of strengthening social security long term i'm willing to make those decisions. >> the president talking in the broader contest of if there's a $4 trillion debt deal he would put social security on the tab
NBC
Jan 1, 2013 5:00am EST
a.m. >>> we have gone off the fiscal cliff this morning. but all hope is not lost as congress and the white house move closer to a deal. >>> plus a historic new year's morning in maryland as same sex couples waste no time saying i do. good morning everybody. i'm aaron gilchrist. >> i'm erika gonzalez in for eun yang. welcome to news4 today. it is tuesday, january 1st. gorgeous -- i was going to say gorgeous night. no, gorgeous morning because i haven't slept. >> a lot of people are saying the exact same thing. gorgeous morning on this january 1st. it is cold. if you're heading out to maybe breakfast or you're just waking up. >> yeah. let's check the forecast now. here's tom. >> or just getting home. good morning and good night. as we start off this morning, we do have a lot of cloudiness. there is a front that's going to be approaching us later today. by the time you're waking back up again, you may have a few flurries flying outside your window. storm team 4 radar showing a few scattered maybe rain, sprinkles reaching the ground. eastern northern neck, lower eastern shore. farther west, a lot of cloudiness out of the mountains
MSNBC
Dec 31, 2012 6:00pm PST
bridge this divide, with considerable outside pressure knowing that fiscal cliff is supposed to take effect at midnight. again, it still must be voted on. a deal does not make law. it's just a first step. but it's a very meaningful breakthrough. >> kelly o'donnell, thank you so much. kristen welker is at the white house. she joins us live now. kristen, what is the word coming from the white house right now with the vice president on his way over to capitol hill to speak there in just a few minutes now? >> well, the white house not yet commenting on this deal that is coming to fruition. but they have confirmed that the vice president is heading over to the hill. and they have been saying all night that he is prepared to go over to the hill once negotiations reach this stage. so he is essentially going there to put the final stamp on this deal that kelly is reporting about, to sell it to the members of the caucus. as you mentioned, milissa, at the top of the broadcast, there has been some dissent among l.a. labor leaders. richard trumka tweeting that democrats should hold off on approving this deal. he says it's not good enough in part because the ta
CBS
Dec 31, 2012 6:00pm EST
: wall street rallied on the final trading day of the year, hoping for a fiscal cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> here we g
ABC
Dec 26, 2012 5:00am EST
arrive back in washington d.c. the president is returning to the white house to work on a fiscal cliff deal before the end of the year. house and senate members are expected to reconvene tomorrow without an agreement automatic tax increases increases for everyone and deep spending cuts will be triggered starting january 1st. lawmakers maintain that the dispute continues to be over taxes. >>> time now for a check of that forecast. let's go back over to meteorologist mike massco because things could deteriorate as the day goes on. >> what's going on out there, mike? >> a whole lot of nothing right now, but things will change during the course of the morning hours. check it out, guys, 36 in the city limits, we go outside 31 in eldersburg, and joppa at the freezing mark. anything that moves in right now will fall in the form of some snow. winter weather advisory up towards carroll county, fredrick county, winter stormings out of western maryland. i drew in this line, this is actually what's hitting the ground. it's about two hours from the baltimore city metro area. so this will be moving in probably
FOX News
Jan 1, 2013 12:00pm PST
eyes on the house of representatives as we await some action on the fiscal cliff deal. we are live with the late-breaking developments as we wait to hear from congressional democrats. and the health crisis facing secretary of state hillary clinton. new details about her condition and how doctors are treating the blood clot that was found near her brain. and a. a young mom facing jail time on child abuse charges, ordered not to get pregnant for the next 13 years. is that legal? our panel weighs in. and a very rare new year's day session for the house. just hours after the senate passed its version of the fiscal cliff bill. >> house democratic leaders speaking now. let's listen in on what they have to say. >> gave us a thoughtful and detailed explanation of what's gone on and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly so frank in his conversation with us in explaining as much as he could a
FOX News
Dec 30, 2012 9:00am PST
reform, now, obviously trying to sell a fiscal cliff deerl deal. he went on nbc's "meet the press," again and again, he hammered the message, trying to put the blame on republicans for the fact we are up against this tight deadline. the president made clear that if republicans in the next 48 hours do not come up with a counter proposal to get us through this crisis, he wants an up-or-down vote on his short-term plan to extend unemployment for 2 million people and extax cuts for those making $250,000 or less. >> not because democrats in congress don't want to go ahead and cooperate but because i think it's been very hard for speaker bainer and republican leader mcconnell to accept the fact taxes on the wealthiest americans should go up a little bit, as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obgigs to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors, who are relying on medicare. >> reporter: the president focusing his comments on the tax side of this so-called fiscal
FOX News
Jan 1, 2013 2:00am PST
news alert. shy of the deadline the senate passed a deal to avoid the fiscal cliff. >> that goes to the house for a vote. doug mcelway is live with what it all means. you have been up all night so have i, what do we have? >> little more than 2 hours after the deadline passed they passed a stopgap fiscal cliff bill that spares the vast majority of americans tax increases. it passed with broad bipartisan support the final vote was 89 yai's 8 nay's. they pent went to the floor to describe a flawed bill one of the best they could craft given the different priorities over the two parties for the last couple years. >> shouldn't be a model of how we do things but i think we can say we have done some good for the country. we have done some good for the country. we have taken care of the revenue side of this debate. >>> working through the night we have reached a deal with sen more mcconnell. i have said all along the most important priority was to pa protect the middle class families. >> it raises tax rates on incomes over 400,000 for individuals 450,000 for couples. it blocks the spending
KICU
Dec 31, 2012 7:00pm PST
word that the white house and republicans have reached an agreement on the fiscal cliff, the deal includes a tax hike for u.s. households making for than $250,000 a year. joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done now. >> reporter: a sticking point is a sequester. more than a trillion dollars in social programs, they say that the market needs structure and certainty, not haggling. it could take a hit if the deal falls a part. with higher taxes, california wo
FOX News
Dec 26, 2012 1:00pm PST
. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christ
CNBC
Dec 24, 2012 12:00pm EST
? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm surprised the market's as firm as it is and it is very easy to overthink this. well, must be firm. the bulls are strong. hey, we go higher. i think that's not the read at all. i think the initial reaction we got when they sent the house of representatives home on thursday night is what we're going to see when they don't get a deal done to the end of the year. i think there is no way. >> you think the market has it wrong here by being this high. >> i do. i think ultimately we're being tropical depression up by the 90 billion a month in fed liquidity but i think that comes home to roost probably as we get closer to the end of the year. the only way we have a shot to get a deal at the end of the year or maybe even early in january is if we have market pressure. right now the market is supplying no pressure to these politicians. so there is no reason for them to do a deal. >> in other words what you're saying is there is an enormous amount of room for real disappointment in this market wh
ABC
Dec 26, 2012 6:30am EST
d.c. tomorrow to work on the fiscal cliff deal before the year ends. house and senate members are expected to reconvene. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered by the new year. the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be open around the clock. maryland live is also prepared to immediately begin making the modifications required to add table games to the floor as soon as the regulation office makes it official. >>> a new 1200-seat auditorium is set to open in ocean city in 2014. it's going to be located at the ronald e. powell convention center. construction is set to begin in the fall on the $14 million project. >>> well, some netflix customers not too happy. they wanted to curl up on the couch and watch a movie on christmas eve. they were just out of luck. the streaming service for video was out for a good chun
FOX
Dec 31, 2012 5:00am EST
, something can be reached, some sort of a deal to avoid the fiscal cliff as lawmakers continued to work on this. it is a chilly new year's eve out there. good morning. i'm sarah simmons i'm wisdom martin. welcome to fox 5 morning news. chilly indeed. let's bring in tucker barnes again to talk about it. >> is it new year's eve already? >> time is flying by, man. >> you're questioning it -- >> i feel like it is still the night before. >> no, it is officially the 31st. it's just our life, you know. >> yeah, kind of sad. >> let's get to the temperatures. it got cold. it was cold yesterday but at least the wind have let up. 30 at reagan national. 4 at dulles. bwi marshall, 29. we should warm up in the mid- 40s today. the clouds will increase tonight but we are not expecting any rain and/or snow shower activity. there is a better chance we'll see one or two tomorrow. the pattern generally going to be try. there is your satellite-radar. some storminess out to the west but well out to the west. you can see there is plenty of clouds out to the west. we'll see the clouds but won't see the st
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